Premarket: Apple is red

From “U.S. Stock Futures Drop as Coronavirus Infections Surge” ($) posted early Wednesday on

U.S. stock futures edged lower Wednesday as pockets of coronavirus infections emerged in several states, adding to concerns about a second wave of cases around the world that could lead to renewed restrictions on business activity.

Futures tied to the S&P 500 ticked down 0.7%, suggesting the benchmark index will open lower in New York. The stocks benchmark has risen for six of the past eight trading days, boosted by indicators showing a rebound in economic activity after a steep downturn in the spring…

European stocks dropped, with the Stoxx Europe 600 down 1.5%. Germany’s Health Minister Jens Spahn said the coronavirus remained a risk after the western state of North-Rhine Westphalia on Tuesday locked down two municipalities following an outbreak at a meatpacking plant. The country’s stocks benchmark, the DAX, fell 2%.

My take: It is a truth universally acknowledged that Apple in possession of an all-time high, must be in want of a down day.

One Comment

  1. Romeo A Esparrago Jr said:
    PED: “ … in want of a down day”
    Buyers rejoice!

    June 24, 2020

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