Every year in early autumn Apple holds its event where it presents new iPhones, Apple Watches, and iPads. This year wasn’t an exclusion. But yesterday’s presentation didn’t result in Apple stock growth, and here’s why.
American futures rally before announcement of Fed verdict
On Wednesday, the American stock market started higher. It’s because market participants were waiting for the Fed's interest rate decision.
The high-tech index Nasdaq 100 managed to ascend by 0.34%. Additionally, futures for the Dow index tacked on by 0.12%, while futures for the S&P 500 index soared by 0.11%.
On Tuesday, trading on Wall Street ended with mixed dynamics of the indices amid rising concerns about international trade and inflation.
Market participants are going to turn their attention to a new portion of company reports as well as the Fed's decision on monetary policy.
At the auction before the opening of the market, Snap shares dived steeply after the company's report on revenue and growth of the number of users uncovered yesterday after the auction turned to be worse than the forecasts of analysts.
Shares of the technological giant Apple went up after the report of this company on profit for the last quarter, surpassing market forecasts notwithstanding the decline in sales of the iPhone. Aside from that Apple announced an additional share repurchase of $100 billion.
After the market closes on Wednesday, Tesla is expected to submit its quarterly report. Wall Street analysts expect the company to report a $3.42 loss per share as well as $3.32 billion in revenue.
On Wednesday, a great number of American companies are expected to publish their quarterly reports, including Mastercard, CVS Health, Chesapeake Energy, Square, Kraft Heinz, Logitech, Fitbit and also FireEye.
According to market experts’ forecasts, as a result of a two-day gathering, the US major financial institution will keep the interest rate intact, although market participants are going to pay much attention to any information on tightening monetary policy in 2018.
Investors will pay attention to the report on the number of employees in the private sector in America.
Richard Branson offloaded nearly 10 million shares, which equals about 4% of the Virgin Galactic stock, leaving him with an 18% stake.
Today at 00:00 GMT+3 SPCE will present the second quarter 2021 financial results. We will get to know everything about the company's financial condition and plans.
The Australian Bureau of Statistics will announce the updated Unemployment Rate and Employment Change data on Thursday, May 19, at 04:30 MT.
The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.
The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.