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 shares are mixed
On Friday, American shares were mixed after the settlement because profits in the Telecoms, Oil & Gas, and Utilities sectors underpinned equities. Meanwhile, losses in the Consumer Services, Industrials, and Technology sectors suppressed stocks.
The Dow Jones Industrial Average gained 0.49%, the S&P 500 index added 0.22%, while the NASDAQ Composite index decreased by 0.15%.
As for the top-notch gainers of the trading marathon on the Dow Jones Industrial Average, they were represented by the Travelers Companies Inc that surged by 2.53% hitting 128.77 at the close. Besides this, UnitedHealth Group Incorporated surged by 2.33% showing 271.11, while McDonald’s Corporation rallied by up to 2.20% demonstrating 187.59.
As for the main losers of the trading marathon, one should point to Walmart Inc that slumped by about 1.86% coming up with an outcome of 97.69. Additionally, Boeing Co lost 1.65% hitting 335.95, while Visa Inc decreased by 1.17% demonstrating 140.18.
On the S&P 500 the top-notch gainers were represented by Pacific Gas & Electric Co that went up by 37.54% hitting 24.40, Edison International that surged by 15.38% reaching 54.45 as well as NetApp Inc that managed to surge by 4.38% showing 71.89.
On the contrary, the worst performers including NVIDIA Corporation that tumbled by 18.76% coming up with 164.43, Nordstrom Inc that sank by 13.66% showing 50.93, while Activision Blizzard Inc lost 4.89% trading at 50.94 at the close.
On the NASDAQ Composite the best gainers included TESARO Inc that surged by 31.48% showing 34.96, while EMC Insurance Group Inc went up by up to 30.26% demonstrating a reading of 31.25, while the Dixie Group Inc surged by up to 15.98% ending up with a result of 0.980.
On the New York Stock Exchange rallying shares outclassed diving ones by 1606 to 1455, while 96 didn’t change.
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.
As Europe moves into recession, next week may provide us with some amazing trading opportunities. Here they are!
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.