Premarket: Apple is green

apple premarket green 5-7-21From the Wall Street Journal’s “U.S. Stock Futures Pause Ahead of Jobs Data” posted early Friday:

U.S. stock futures wavered Friday ahead of fresh jobs data that is expected to show a strong recovery in the labor market following last year’s downturn.

Stocks are poised for a second week of muted gains, with sentiment bolstered by signs of a strengthening economy and Federal Reserve officials reiterated pledges to refrain from tightening monetary policyuntil the labor market is recovered. Energy producers, banks and other firms that would benefit from the economy reopening have rallied this week, while technology firms have been among the poorest performers.

“This week was really still a combination of the post-Covid recovery and how interest-rate policy will respond,” said Kiran Ganesh, a multiasset strategist at UBS Global Wealth Management. “The performance of some cyclical stocks and commodities suggests that this reopening trade is still on track.”

My take: Apple goes ex-dividend today for 22 cents to be paid in 6 days.

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