Premarket: Apple is red

apple premarket red 10-6From Investors Business Daily’s “Futures Fall after Trump Returns to White House” posted early Tuesday:

Dow Jones futures fell early Tuesday, along with S&P 500 futures and Nasdaq futures, after President Donald Trump returned to the White House and as a lawmaker said a House panel wants to break up Big Tech companies such as Apple, Amazon, Facebook and Google parent Alphabet.

On Monday, the stock market rally closed near session highs as President Trump said he would leave Walter Reed Medical Center after spending three days there for coronavirus treatment…

Meanwhile, Apple stock, Amazon and Facebook and reclaimed their 50-day moving averages, while Microsoft (MSFT) rallied to just short of the line. Google still has a ways to go to return to its 50-day.

President Trump left Walter Reed Medical Center Monday evening after a three-day say, returning to the White House where he will continue to get coronavirus treatment. Just before leaving, Trump tweeted that he’ll “be back on the Campaign Trail soon!”

President Trump tweeted Monday afternoon that he would leave Walter Reed, saying: “Feeling really good! Don’t be afraid of Covid.”

My take: Buy the rumor, sell the news.

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