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 indices go up by 0.9%-1.7%
On Wednesday, American stock indices concluded trading on the rise. They got to the maximum levels in nearly a month due to good reports from a number of large companies, as well as upbeat statistics, according to MarketWatch.
The Dow Jones Industrial Average index managed to gain from the beginning of this year (+ 0.3%). Additionally, Standard & Poor's 500 leapt 1.2%, while Nasdaq Composite acquired 5.5%.
All eleven industry groups of S&P 500 rose. The leaders of the surge were the high-tech and consumer sectors. It is expected that the growth in net income of companies whose shares are included in the calculation of this indicator amounted to an average of 17.3% in the first quarter, which is a record leap from 2011, although it might partly be due to changes in tax legislation in America.
The number of houses, whose construction was started in the USA in March, increased by 1.9% compared to the previous month and amounted to 1.319 million in annual terms. Analysts surveyed by Dow Jones predicted a 1.6% rise in March.
The volume of industrial production in the US in March increased by 0.5% compared with the previous month, according to a report of the Federal Reserve System. The growth rate slowed by half, but surpassed market expectations.
Standard & Poor's 500 for the day went up by 1.07%, getting to 2706.39.
The value of Nasdaq Composite increased by 1.74% hitting 7281.1.
The Dow Jones Industrial Average on Tuesday increased by 0.87% ending up with 24786.63, which is the highest value since March 16.
The indices of the S&P 500 and Nasdaq concluded the trading day at record levels since March 21.
The share price of Netflix Inc. ascended by 9.2% on Tuesday (which is the biggest increase among companies from the S&P 500), concluding the day at a historic maximum.
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.