Premarket: Apple is red

apple premarket red 4-9From the Wall Street Journal’s “Stock Futures Wobble After S&P 500 Hits Record” posted early Friday:

Stocks surged higher this week, led by technology companies. Bond markets calmed, with yields dropping for four straight days before ticking higher on Friday. Investors are betting that economic growth will pick up as Covid-19 vaccines and government support help revitalize social and business activity. Federal Reserve officials also reiterated this week that the central bank will continue with policy measures aimed to support the recovery.

“It’s been another week that’s reminded us how addicted to policy support we are,” said Georgina Taylor, a multiasset fund manager at Invesco. “Some of the comments out of the U.S. have cemented the market’s view that policy can’t shift any time soon, and that’s put support behind the equity market.”

My take: After seven green trading days in a row, what’s a wobble or two?

3 Comments

  1. John Konopka said:
    AAPL up again today. Maybe this is in anticipation of the infrastructure bill passing. That will be a huge investment in the US.

    3
    April 9, 2021
  2. Bart Yee said:
    So AAPL closes the week today at $133.00 even, quietly up 8% for the week and for the last month 9.8%.

    For the week, FAANMG stocks were up around 6% for the week and a similar 9-10% for the month. Seems to me AAPL is slowly waking up as earnings report time is near.

    4
    April 9, 2021

Leave a Reply