Markets By TradingView
1666
0

5 Major Developments Affecting Markets – Apple's Recession

5 Major Developments Affecting Markets – Apple's Recession; Nasdaq futures underperform again in the pre market as stagflation hits Apple and NVIDIA.

5 Major Developments Affecting Markets – Apple's Recession
Yazar: Charles Porter

Yayınlanma: 5 Haziran 2022 07:30

Güncellenme: 23 Kasım 2024 11:06

5 Major Developments Affecting Markets – Apple's Recession

Market Movements

5 Major Developments Affecting Markets; Nasdaq futures underperform again in the pre market as stagflation hits Apple and NVIDIA. The US will release last week's unemployment claims, along with revised GDP figures for the first quarter, amid labor market growth indicators. Updates from Dollar General and Dollar Tree may shed light on how quickly consumers are cutting back on their spending. Russia's central bank has cut interest rates sharply as the risk of financial instability diminishes, and the UK is poised to raid energy producers to help poorer households. Here's what you need to know in financial markets on Sunday, June 6th.

1. Stagflation Hits the Market Favorites

Stagflation has reached Apple (NASDAQ:AAPL). According to a Bloomberg report citing unnamed suppliers, the company is considering not increasing iPhone production this year. As the quarantines in China interrupt production, demand is dwindling as consumers' disposable income is eroded by inflation. Bloomberg said Apple expects to ship 220 million phones this year, instead of analysts' consensus estimate of 240 million. Apple shares are down 1.4% in the premarket, but are still comfortably above the 12-month lows they saw last week. Another market, which is the favorite of the technology sector, is experiencing even greater problems in the front market. Chip maker NVIDIA (NASDAQ:NVDA) has warned that it has lost $500 million in sales in China and Russia in the current quarter as demand for gaming and crypto mining declines and orders for data center chips are cancelled. NVIDIA stock, in contrast, fell 5.3%. It's trading 44 times after 12 months of gains, double the Apple's rate.
En Popüler Haberler

Yorum Yap

Yazılan yorumlar hiçbir şekilde Son Ekonomi Haberleri - Türkiye Dünya - ieconomy.io görüş ve düşüncelerini yansıtmamaktadır. Yorumlar, yazan kişiyi bağlayıcı niteliktedir.

Yorumlar

Henüz yorum yapan yok! İlk yorumu siz yapın...

Borsa, Kripto, Hisse, Emtia ve Döviz Haberleri

ieconomy: Türkiye'nin en kapsamlı ekonomi haber sitesi. Son dakika haberleri ve en güncel haberler ieconomy'da.