
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.
On Thursday, the S&P 500 along with the Dow Jones Industrial Average slumped after four winning trading sessions due to worries as for the US-China trade conflict, although profits in technology equities helped to raise the Nasdaq.
The US government has come up with an offer to impose duties on a further $200 billion worth of China’s products that will come true next month after a public comment period concludes on September 5.
Meanwhile, metal prices sank because the China-US trade clashes overshadowed optimism that Canada and America could come to a fresh a fresh North American Free Trade Agreement.
Aside from that, the S&P materials index declined by 1.27%, which is the best outcome amidst the 11 key S&P sectors. As for trade-sensitive industrials SPLRCI, they headed south by 0.5%, led by Caterpillar's 1.2% dip.
High-profile technology equities gave support. Facebook rallied by 2% and Apple grew 1.4%.
Amazon tacked on by 1.4% hitting $2,025.57. As for Amazon, it soared by 1.3%.
ET the Dow Jones Industrial Average declined by 0.33% reaching 26,037.48. The S&P 500 went down by 0.20% reaching 2,908.25. As for the Nasdaq Composite, it jumped by 0.12% demonstrating 8,119.77.
Eight of the 11 S&P sectors turned out to be loser, with financial as well as energy equities suppressing the S&P.
Dollar Tree went down by 13.2%, which is the best result on the S&P, having posted lower margins and forecasted a downbeat full-year revenue.
Electronic Arts headed south by 9.5% after the videogame maker postponed the launch of "Battlefield V" by up to 4 weeks and also reduced its full-year net bookings estimate.
Signet Jewelers inched up by up to 25.4% after the company managed to top sales as well as revenue estimates and had its full-year sales forecast raised.
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.
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.
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.
About 24% of global central banks intend to increase gold reserves in 2023. Rising inflation, geopolitical turmoil, and worries about interest rates are reasons to increase gold reserves.
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