Investing.com -- Wall Street looks set to end a difficult week on a bright note, although the release of the Federal Reserve's favorite inflation gauge later in the session could influence sentiment. Apple is losing market share in the important Chinese market, while European corporate earnings continue to flow.The spotlight Friday will be on the Federal Reserve’s preferred gauge of inflation, which could test market expectations that the U.S.
However, all three indices are set to post a losing week, with the S&P 500 down 1.9% so far, the Nasdaq losing nearly 3.1%, and the DJIA down roughly 0.9%. Apple’s shipments have been declining since the first quarter when they dropped 25% year on year to 10 million units. Vivo was the top vendor with a share of 19%, followed by Oppo, Honor and Huawei with 16%, 15% and 15% respectively.) stock fell after the German luxury automaker narrowed its annual forecast for the profit margin in its core car division, adding to the weakness in the sector in the region after Stellantis stock slumped 9% after the French IT consulting group forecast a surprise fall in annual revenue, citing persistent weakness in its North American market.