Premarket: Apple is green

Apple premarket green 6-18From TheStreet’s “Dow Futures Gain As China Says Recent Coronavirus Spike ‘Under Control‘; U.S. Infection Increases Keep Bulls in Check” posted early Thursday:

U.S. equity futures traded cautiously higher Thursday, while the dollar posted modest gains and bond yields fell, as investors retreated from risky markets amid data showing a worrying rise in coronavirus infections in key economies around the world.

Beijing’s recent spike in new coronavirus infections, the highest since February, has prompted the closure of local schools and the suspension of several flights in and out of China, while a meat processing facility in northern Germany was reported to have found nearly 400 cases of COVID-19 among its workforce over the past few weeks…

Still, with China claiming control of its recent outbreak, and central banks around the world continuing to pledge trillions in support of financial markets as the pandemic wanes, U.S. equity futures look to start the Thursday session modestly higher, with contracts tied to the Dow Jones Industrial Average indicating a 90 point opening bell gain.

My take: Mr. Premarket seems to have calmed down.

2 Comments

  1. Bart Yee said:
    No matter which direction each country takes with management and progress with their Covid-19 situation, it is clear to me the pandemic continues and will for the foreseeable future. Businesses and consumers and governments are having to adapt on the fly. As usual, those with more information, more preparation, and perhaps more caution may fare better than those without the above (or having it and ignoring it).

    IMO, Apple has already proven its management skills having been hit earlier, harder and more directly than most commercial enterprises. It’s already ready for the next wave.

    3
    June 18, 2020
  2. Alan Birnbaum said:
    Mr. Premarket seems to… have …calmed down.

    0
    June 18, 2020

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