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.
Dow gains strength for higher start as investors brace for Powell hearing
On Tuesday, American stock futures pointed to a small soar at the start, putting the key indexes on track to break into record territory.
Market participants are awaiting a flurry of Fed speeches as well as economic releases, including comments before lawmakers from Jerome Powell, Donald Trump’s pick to head the US major financial institution.
S&P 500 futures ESZ7 rallied 0.1% trading at 2,604.50, Dow Jones Industrial Average futures YMZ7 edged up 0.2% hitting 23,604. Nasdaq-100 futures NQZ7 managed to grow 0.1% reaching 6,418.50.
On Monday, the S&P 500 SPX as well as Nasdaq Composite COMP both concluded a bit lower. Meanwhile, the Dow DJIA tacked on because every gauge was within striking distance of an all-time closing maximum hit the previous week.
Equities in Amazon.com Inc gained 0.6%. Wells Fargo & Co.’s stock WFC headed south 0.2%.
European stocks generally ascended, while Asian markets showed mixed performance.
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.
Last week was full of surprises! Stock indices have shown significant growth…
The US dollar is heading to close the seventh day in the red as it remains under selling pressure. The US data at 15:30 GMT+3 (jobless claims and Philly Fed Manufacturing Index) may support the greenback if it's strong.
Canada will publish the Retail Sales and Core Retail Sales on October 22, at 15:30 MT time (GMT+3).