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Future Dow Earnings As Apple Delivers Big Tech Earnings Profits



Friday’s Market Minute

  • Global stocks are mixed on the last trading day of the month, with Asia holding back on recovery concerns and Europe and the US rising on high-tech gains.
  • Apple, Amazon, Facebook and Google have all surpassed Wall Street forecasts, and revenue rises to $ 205.2 billion collectively.
  • U.S. growth concerns, however, push the dollar to a two-year low, and gold to an all-time high, in overnight trading.
  • U.S. coronavirus cases increase by more than 68,000 on Thursday, for a total of 4.6 million.
  • Global oil prices have rebounded thanks to a weaker U.S. dollar, but demand concerns remain strictly crude to $ 40 per barrel trading scale.
  • U.S. equity futures suggest a firmer open on Wall Street ahead of gains by Merck, ExxonMobil, Chevron and Colgate ahead of the start of trading and inflation and personal consumption data in -8: 30 am Eastern time.

Wall Street futures extended Friday’s gains, driven by gains for the largest U.S. tech stocks following blockbuster gains after yesterday’s close of trading, but steep concerns for the fate of the global economic recovery, and rising rates of coronavirus infection, continue to cloud investor sentiment.

Apple Inc. (AAPL) ̵

1; Get a Report alone will add at least 150 points to the Dow Jones Industrial Average at the start of trading, thanks to the pre-stock market which rose 6% after last night’s earnings report, which included nearly $ 60 billion in revenue and better than expected bottom line of $ 2.58 per share.




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