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 stock futures are nearly intact
On Wednesday, American stocks were nearly intact because market participants awaited more clarity on the Fed’s interest rate outlook for 2019, while some trade fears still persisted.
The Federal Reserve is anticipated to keep its interest rates intact and reduce the number of rate lifts projected for the rest of 2019 as it wraps up a two-day policy gathering.
The policy statement is going to shed light on highly-anticipated details as for the Fed's plans to cease cutting its holdings of Treasury bonds.
ET, Dow e-minis decreased by 0.08%. As for S&P 500 e-minis, they dived by 0.06%, while Nasdaq 100 e-minis headed south by 0.02%.
Optimism that the major US bank is going to stay patient in lifting borrowing costs and expectations that China and America will tackle their long-lasting trade conflict helped American shares to erase most of their losses from 2018.
Following a 13% leap in 2019, the benchmark S&P 500 currently stays 3.5% away from its record closing peak in September.
On Tuesday, Wall Street's major indexes demonstrated mixed performance, following a report that America was really concerned that China was pushing back against US demands in trade negotiations.
News that next week the world's leading economies are going to reconvene face-to-face negotiations next week failed to back the financial markets.
It was pretty much considering that only an adverse surprise was going to affect the financial markets, when it comes to the trade talks because all the upbeat aspect was already priced in.
FedEx Corp headed south by 6.7%.
As for General Mills Inc, it headed north by 5.7% right after the Cheerios cereal maker posted an 8% leap in quarterly sales.
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.
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