Apple blows big tech earnings as Dow futures


The friday market minutes

  • Global shares found the last trading day of the month, with recovery concerns in Asia and large tech earnings rising in Europe and the US.
  • Apple, Amazon, Facebook and Google all beat Wall Street forecasts, bringing the revenue to a collective $ 205.2 billion.
  • However, given the growth concerns of the US, the dollar is pushed to a two-year low, and gold is given a fresh high in overnight trading.
  • US Coronavirus cases increased by more than 68,000 on Thursday, bringing the total to 4.6 million.
  • Global oil prices are a result of the weaker US dollar, but demand concerns keep crude strong for its $ 40 per barrel trading range.
  • US equity futures suggest a strong opening on Wall Street ahead of earnings from Merck, ExxonMobil, Chevron and Colgate before the start of trading, and trading and inflation and personal consumption data at 8:30 am Eastern Time.

Wall Street futures made extended gains on Friday, driven by gains for the largest U.S. tech stocks after blockbuster earnings after trading yesterday, but worrisome concerns for the fate of the global economic recovery and an increase in coronovirus infection rates , Continues to hold investor sentiment.

Apple Inc. (AAPL) – Get Report The Dow Jones alone will add at least 150 points at the commencement of trading in the industrial average, thanks to the stock’s 6% pre-market soaring following last night’s blowout earnings report, which generated revenue of about $ 60 billion. And better-than-expected included. The bottom line at $ 2.58 per share.

.

Leave a Reply

Your email address will not be published.