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 tack on
On Friday, American futures started higher because traders closely watched trade developments and also looked ahead to a bunch of data.
The S&P 500 futures jumped by 0.13% being worth 2,909.0. Additionally, Dow futures rallied by 0.11% coming up with an outcome of 26,190.0. As for the Nasdaq 100 futures, they acquired 0.31% showing 7,587.75.
As a matter of fact, trade talk efforts between China and America were cooled by US leader who told that America wasn’t urged to make a deal with its Asian rival.
Investors are going to closely watch upcoming economic reports because inflation numbers turned out to be lower than anticipated on Thursday.
Semiconductor Micron Technology Inc happened to be among the key performers in premarket trade, edging up by 2.02%. At the same time, Microsoft rallied by 0.34%, while Facebook jumped by 0.68%. As for Chinese e-commerce company Alibaba, it ascended by 1.51%. Besides this, Jd.Com Inc Adr inched up by 1.44%.
Tesla headed south by 0.02%. Besides this, medical marijuana company Tilray Inc went down by 8.98% right after Politico uncovered that Canadians who invest in the sector or work in the industry could be forbidden to travel to America.
Meanwhile, in the European Union, equities generally jumped. The DAX gained 0.25% in Germany. The CAC 40 managed to acquire 0.29% in France. The FTSE 100 gained 0.24% in Great Britain. Additionally, the European Euro Stoxx 50 soared by 0.14%. The IBEX 35 acquired 0.09% in Spain.
As for commodities, gold futures managed to surge by 0.25% ending up with a reading of $1,211.20 a troy ounce. Besides this, crude futures jumped by 0.36% trading at $68.84 a barrel.
Tracking the evergreen buck’s purchasing power against a number of its main rivals the USD index went down by 0.06% demonstrating 94.47.
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.
Main news that will drive the market in the upcoming week include CB Consumer Confidence Index, Canadian GDP, and US Core PCE Price Index
The Federal Reserve (Fed) will announce its Interest Rate Decision and make a statement about the future monetary policy on Wednesday, September 21, GMT+3. After the higher-than-expected inflation numbers published on September 13, there’s almost no doubt the Federal Reserve will come up with another 75-basis-point rate hike. However, surprised by the CPI numbers, several Fed members announced the possibility of a 100-basis-point rate hike on Wednesday.
Every week we expect many interesting events that can shake the market.