Premarket: Apple was green, turned red

apple premarket mcintosh 11-25-22From MarketWatch's "U.S. stock futures hold steady as shortened session, as Black Friday kicks off holiday shopping season" posted early Friday:

U.S. stock futures were indicating a mostly flat start in a shortened session for Wall Street on Friday. Attention is expected to focus on the start of the holiday shopping season and whether consumer resilience is holding up...

Investors are clinging to hopes that the Fed will pivot, or turn towards a less aggressive pace of rate hikes, amid concerns the economy is facing a tough 2023.

There is no data planned for Friday, which will mark a shortened session for Wall Street, with trading ending at 1 p.m. Eastern. But investors are facing a busy week ahead, with a large batch of data including third-quarter gross domestic product, the Fed's favored inflation gauge, the PCE price index, home prices, manufacturing updates and November payrolls data.

Charts: Yahoo!Finance sees a bullish triple-moving-average-crossover pattern. Max stays at $148 with the same call mountain at $160 and put peak at $145.

apple premarket mcintosh 11-25-22

2 Comments

  1. Robert Paul Leitao said:
    In today’s shortened trading session Apple fell $2.96 or 1.96% to $148.11, underperforming all three major indexes. Concerns about iPhone supply continue to buffet the share price. Please see Apple 3.0’s continuing coverage of the impact of reported supply shortages. Among the DJIA components, Boeing led the index higher with a gain of 2.01% while Apple was the laggard among the index’s 30 enterprises. For the S&P 500, Kroger was up 2.51% today while Activision Blizzard dropped 4.07% over talk the FTC may file a lawsuit to block Microsoft’s acquisition of the company.

    0
    November 25, 2022

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