U.S. equity futures traded lower Friday, contrasting solid gains in stock markets around the world, following data showing the biggest single-day increase in coronavirus cases on record and more signs that a second wave of the pandemic could shutter portions of the economy.
Reported U.S. coronavirus cases rose by just under 40,000 yesterday, the largest on record, lead by a surge in infections in various southern states as well as California and Arizona. The spike has also been followed by record rates of hospitalizations, with Texas record new daily highs for the past two weeks, a move significant enough for Governor Greg Abbott to suspend the state’s re-opening plans…
In California, Governor Gavin Newsom declared a budget emergency as the state grapples with a growing wave of new infections, while in Florida, tech giant Apple Inc. said it was closing at least 14 stores in the state as cases and hospitalizations continue to rise…
U.S. equity futures, then, look set to open weaker against a backdrop of solid global gains, with contracts tied to the Dow Jones Industrial Average indicating a 170 point decline and those linked to the S&P 500, which has gained 1.3% so far this month, priced for a 12 point pullback.
My take: Apple store openings and closings have become a key economic indicator.
BGR has a prediction of the future in Apple needs the Mac’s help to ‘kill’ the iPhone. I confess that this is not a vision that I find attractive. I am a proponent of “be here now,” and as it is there are already too many folks walking around in a bubble of self interest created by their iPhone and AirPods. I am likely in the minority.
We knew a day like this had to come sometime. Nothing has changed, and yesterday’s event sowed many seeds that will blossom in the coming weeks. Anticipation of the Fall releases will build in the coming months.
SomeJuan: M1X... 16 cores of CPU, 16 cores of GPU, 4nm TSM fab, katy bar the door...
Jan 16, 2021 9:45:11 GMT -5
mercel: It's been a long strange trip - good to see you're still around (and in AAPL -my assumption).
May 10, 2019 12:48:32 GMT -5
Zeke: Long time no see. Nice to see familiar names still here.
Mar 25, 2019 14:42:52 GMT -5
sponge: Regarding the future of VR, I think it will be huge. I was a gamer when I was in college. But as an adult I lost interest. Last fall I flew up to visit my son at college and check out his new Vive set up. After playing with it for the weekend, I was
Apr 29, 2018 15:25:17 GMT -5
galleybob: thanks for your answer. I will copy and send to her
Nov 7, 2017 15:32:18 GMT -5
rickag: So since Jan 28th 2015 AAPL is up from 117.27 to 157.21
Aug 21, 2017 20:09:43 GMT -5
artman1033: VXAPL = 29.21 AAPL = $117.27 AFTER EARNINGS
Jan 28, 2015 14:54:46 GMT -5
artman1033: VXAPL = 44.94 AAPL = $110.39 BEFORE EARNINGS
Jan 27, 2015 11:12:53 GMT -5