Friday morning, the S&P 500 Index e-mini futures (ES-H3) are trading lower by 2.00 points to $1488.25 per contract. While the decline in the S&P 500 Index futures is not very steep the NASDAQ 100 e-mini futures (NQ-H3) are painting a different picture; they are trading lower by 40.00 points to $2719.00 per contract. The catalyst for the decline in the NASDAQ futures is due to the drop in Apple Inc (AAPL) stock after reporting earnings last night.
This stock accounts for roughly 16.0 percent of the NASDAQ 100. Many other tech stocks including Nuance Communications Inc (NUAN), Qualcomm Inc (QCOM), Broadcom Corp (BRCM), and Cirrus Logic Inc (CRUS) could all trade lower in sympathy to Apple's sharp stock decline. So it might be safe to say Apple is likely to drag tech lower at the start of the day.
Last night, the Asian stock indexes finished mostly lower. The one Asian stock index that did finish higher was the Nikkei 225 Index closing up 1.28 percent. The Nikkei remains very volatile at this time since the Bank of Japan continues to try and inflate the stock market. Traders should now be very cautious when trading the Japanese markets. The easy money seems to have already been made in Japan.
Below you may find the video.
- English (UK)
- English (India)
- English (Canada)
- English (Australia)
- English (South Africa)
- English (Philippines)
- English (Nigeria)
- Deutsch
- Español (España)
- Español (México)
- Français
- Italiano
- Nederlands
- Português (Portugal)
- Polski
- Português (Brasil)
- Русский
- Türkçe
- العربية
- Ελληνικά
- Svenska
- Suomi
- עברית
- 日本語
- 한국어
- 简体中文
- 繁體中文
- Bahasa Indonesia
- Bahasa Melayu
- ไทย
- Tiếng Việt
- हिंदी
Apple Turns Into Applesauce, Know These Levels
Published 01/25/2013, 12:08 AM
Updated 07/09/2023, 06:31 AM
Apple Turns Into Applesauce, Know These Levels
Latest comments
Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.