Shares of Apple tumbled by more than 9% on Friday following the iPhone-maker’s announcement of current-quarter sales guidance that fell short of Wall Street expectations. Sales growth in the September quarter is anticipated to range from 9% to 11%, falling slightly short of analysts’ expectations of approximately 12%. The outlook for gross profit margins also Read More
Dow Futures tick higher, following a relief rally in semiconductor stocks that fuelled the best day for the S&P 500 in nearly two months. Results from iPhone-maker Apple and e-commerce giant Amazon dominate the earnings slate following the close of U.S. markets. Tesla CEO Elon Musk has dismissed rumours surrounding the electric car manufacturer’s operations Read More
Dow Futures show an uptick, indicating a potential recovery in equities following reports of new attacks in the Strait of Hormuz that negatively impacted sentiment in the previous session. The path of a tenuous ceasefire between the U.S. and Iran remains unclear as Washington seeks to leverage its military capabilities to access the obstructed waterway. Read More
Dow Futures indicated a modest uptick in the primary U.S. stock indices, amidst an unclear outlook for renewed peace negotiations between the U.S. and Iran. However, the decline in oil prices suggests a degree of optimism regarding the potential for an agreement to extend the soon-to-expire ceasefire. President Donald Trump’s nominee for the position of Read More
A federal grand jury has indicted three engineers from Silicon Valley on allegations of stealing trade secrets from Google and other tech firms, as well as transferring sensitive information to Iran, according to prosecutors on Thursday. On Thursday, Samaneh Ghandali and Mohammadjavad Khosravi were apprehended and subsequently made an appearance in a federal district court Read More
Jim Cramer stated that investors ought not to overinterpret the uneventful unemployment data. He contended that the absence of surprises in the labor market is, in fact, providing the market with the opportunity to disclose the underlying narrative: a widespread rally extending far beyond the previous year’s top performers. “An uneventful employment report enables a Read More
Dow futures decline as the market anticipates the continuation of crucial trade negotiations between the U.S. and China. President Donald Trump suggests that there has been some advancement on the first day of negotiations, while various U.S. officials allude to a potential agreement concerning the export of essential rare earth materials. U.S. Health Secretary Robert Read More
Dow Futures exhibit a slight decline as market participants shift their focus to the resumption of U.S.-China trade discussions in London. Markets are optimistic that the ongoing discussions will result in a reduction of trade tensions between the world’s two largest economies, which have been in conflict over matters such as tariffs and export controls. Read More
Dow Futures stabilized on Friday; however, Wall Street remained poised for a losing week as concerns regarding debt elevated Treasury yields. BYD outsold Tesla in Europe for the first time, Apple is offering trade-in discounts in China, while a trade deal between the U.S. and the European Union still seems a far way off. U.S. Read More
Dow Futures have shown an upward trend on Friday, reflecting indications of a potential easing of tensions between China and the U.S., thereby creating an opportunity for discussions aimed at resolving the ongoing trade conflict. The forthcoming monthly U.S. jobs report is of significant importance, coinciding with the latest budget proposal from the Trump administration. Read More
