Premarket: Apple is green. Markets are red

apple premarket greenish 6-25From “U.S. Stock Futures Waver Ahead of Weekly Jobless Claims Data” ($) posted early Thursday on wsj.com:

U.S. stock futures wobbled Thursday as coronavirus cases accelerated across the U.S., leading businesses to revisit plans for resuming normal operations and damping hopes of a rapid economic recovery.

Futures tied to the Dow Jones Industrial Average drifted down 0.2% ahead of the opening bell in New York, signaling that blue-chip stocks may extend losses after dropping 2.7% on Wednesday. The pan-continental Stoxx Europe 600 erased earlier losses to edge up 0.4%, while major Asian equity indexes ended the day lower.

A rise in new cases in pockets of the U.S. has left businesses struggling to decide whether they should open, close or find a compromise. Apple on Wednesday that it would shut more stores in the Houston area following a sharp rise in cases.Walt Disney agreed to postpone the reopening of its California amusement park after workers urged the company to reconsider resuming operations in both Florida and California, where new cases touched fresh highs this week.

My take: Apple is zigging as the markets zag.

One Comment

  1. Romeo A Esparrago Jr said:
    360 @7am Texas time.
    Quite the steal at ~$10-12 discount from this week’s intraday high of $372+.
    Bargain buyers queue up & stock up (pun intended) whilst you can! 🙂
    Just don’t re-mortgage your 3rd mansion coz of anything I said LOL.

    2
    June 25, 2020

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