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 is braced for starting at new record as ECB keeps rates intact
On Thursday, American equities stepped higher, thus helping the Dow Jones Industrial Average to reach another record. Futures for the key equity benchmarks held their revenues after the European Central Bank decided not to change its monetary policy, as anticipated, with Wall Street focusing generally on a wave of profits from several blue-chip companies.
Dow futures YMH8 acquired 0.3% hitting 26,354, S&P 500 futures ESH8 ascended 0.3% being worth 2,848.25. Additionally, Nasdaq-100 futures NQH8 tacked on 0.6% trading at 6,970.75.
On Wednesday, the Dow DJIA soared 0.2% getting to a record high, while the S&P 500SPX managed to conclude 0.1% lower, the Nasdaq Composite COMP dived 0.6%.
In 2018, the three equity indicators have managed to gain 6.1%-7.4%, contributing to the previous year’s sizable profits because market participants appreciate the expanding American economy as well as soar in corporate profits.
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.
Saudi Arabia agreed to cut oil production. What will happen with the oil price now?
The situation on the labor market still looks optimistic. Today we expect the Unemployment rate data. 3.5% is expected.
The first day of June should’ve brought us the US default. Unsurprisingly, the US House passes the debt ceiling bill at the latest possible moment.