Global stocks gain after 'Apple's got its mojo back' with bullish forecast — while traders cheer China trade-war progress and Fed meeting

📆 2019/05/01 14:36:00
📰 BusinessInsider

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Apple lifted futures on the tech-heavy Nasdaq about 0.8%, with global gains on US-China trade war progress and optimism about the upcoming Fed decision.

that the Trump Administration is removing a central demand about cyber theft in a bid to shepherd a swift resolution to the conflict.at 2.00 pm in Washington.

Indeed, a 17% drop in iPhone sales pushed the tech giant's revenue down 17% to just over $31 billion in its fiscal second quarter, driving net income down 16% to around $11.6 billion. However, services revenue climbed 16% to $11.5 billion, and sales in its wearables, home, and accessories division leapt 30%.

Apple's revenue guidance"points to greater confidence in China and in iPhone sales generally and would at the top of the range represent a welcome return to growth," Wilson added.Traders' focus will now turn to Federal Reserve Chairman Jerome Powell's press conference, said Konstantinos Anthis, head of research at ADSS.

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Investors brace for a roller-coaster week ahead with Fed decision and Apple, Alphabet earningsFed Chairman Jerome Powell is expected to emphasize that the Fed is patient and will hold interest rates steady. Relax, The Fed has been neutered. Roller coaster? Naw.....feds in a sleep no worries. rate increase PLEASE PLEASE PLEASE!
Source: CNBC - 🏆 12. / 72 Read more »