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US Stocks Drift in Mixed Early Trading on Wall Street as Apple Falls
Chip stocks recovered and Apple’s margin warning kept investors cautious as traders awaited election results and weighed higher oil prices.
- Apple shares slid 4% early Tuesday after the company projected lower profit margins for the final three months of this year, citing expenses from its Siri release and surging global Memory demand.
- The broader market remains volatile recently as investors react to swings in AI-related stocks, with many market participants worrying that valuations in the artificial intelligence sector surged too high during the recent frenzy.
- Tuesday's midterm elections are also keeping financial markets unsteady, though history suggests they may not significantly impact the broad market, according to Brock Weimer, an analyst at Edward Jones.
- Elsewhere, Celanese climbed 4.9% and DuPont added 7% on Tuesday, while Nvidia rose 3.1% and memory chipmakers Samsung Electronics and Hynix declined amid ongoing tech sector volatility.
- Uncertainty regarding the war with Iran continues to drive Oil price swings, as Brent crude rebounded to $106.50 per barrel early Tuesday following defensive United States strikes on Iranian targets.
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69 Articles
US Equity Futures Inch Higher as Investors Await Midterm Results
US stock futures extended losses as early midterm vote counts pointed to a strong Democratic showing, raising worries over tighter regulatory scrutiny in sectors that have powered a bull market on Wall Street.
·New York, United States
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The technology sector managed to bounce back to Wall Street after several sessions in the red.
·Montreal, Canada
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Total News Sources69
Leaning Left8Leaning Right12Center16Last UpdatedBias Distribution45% Center
Bias Distribution
- 45% of the sources are Center
45% Center
L 22%
C 45%
R 33%
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