
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 Tuesday, American shares struggled for direction because a lack of fresh prompts on US-China trade talks tamed investor appetite notwithstanding positive profit estimates from retailers.
US Secretary of State Mike Pompeo told that American leader is going to reject any deal, which wasn’t good enough and added that his country will proceed with its work on a trade agreement.
This year the S&P 500 has tacked on by nearly 11% and it’s currently nearly 5% away from its September 20 record closing maximum, backed by a dovish stance from the major US financial institution and on expectations that China and America would soon come up with a long-awaited trade solution.
Target Corp went up by about 4.93%, Kohl's Corp surged by 7.01% right after the retailers predicted annual earnings above expectations.
Their positive outcomes pushed the consumer discretionary 0.27% up, which turns out to be the most impressive outcome among S&P sectors. As for the retailing index, it headed north by 0.33%.
Besides this, ET the Dow Jones Industrial Average slumped by 0.01% concluding the trading session 25,817.32. As for the S&P 500, it decreased by 0.09% showing 2,790.37. Additionally, the Nasdaq Composite rallied by 0.04% showing 7,580.24.
Experts actually expect first-quarter earnings to head south by 1.3% year-over-year, in contrast with previous hopes for 5.3% leap in the beginning of the year. It’s going to be the first dive in quarterly earnings surge since 2016.
Seven of the eleven key S&P sectors headed south, with the financial sector's 0.52% dived becoming the top loser.
The sector was suppressed by losses in Wall Street's big financial institutions, with Wells Fargo diving by 0.9% and Citigroup Inc losing by 1.6%.
Meanwhile, Align Technology slumped by 5.97%.
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 Australian Bureau of Statistics will announce the updated Unemployment Rate and Employment Change data on Thursday, May 19, at 04:30 MT.
The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.
The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.
FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.
Your request is accepted.
A manager will call you shortly.
Next callback request for this phone number
will be available in
If you have an urgent issue please contact us via
Live chat
Internal error. Please try again later
Don’t waste your time – keep track of how NFP affects the US dollar and profit!
Beginner Forex book will guide you through the world of trading.
We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.