Trump said he doesn't see a recession after the bond market spooked investors and the Dow suffered its worst day of the year last week.Marketsread more
Americans now say they approve of free trade by 64%-27%, a margin of better than two to one. That's up from 57%-37% early in Trump's presidency, and 51%-41% near the end of...Politicsread more
Stocks in Asia edged up Monday morning as U.S. Treasury yields bounced higher after plunging last week which sent markets into a panic.Asia Marketsread more
The problem with tanking equities lies elsewhere, writes Michael Ivanovitch, because traders see no end to America's unfolding trade disputes with Europe and China.World Economyread more
Beijing wants to use reforms to support a slowing economy.China Marketsread more
Trump said Cook made a "good case" that it would be difficult for Apple to pay tariffs, when Samsung does not face the same hurdle because much of its manufacturing is in...Technologyread more
The yield on the benchmark 10-year Treasury note briefly fell below the 2-year rate on Wednesday, a phenomenon in the bond market known as yield curve inversion, which is...Marketsread more
Despite aggressive strides, Waymo needs one thing before their self-driving cars become a seriously useful transportation system: people. We talked to the ones closest to it.Technologyread more
The hearing will now begin next Monday to allow time for the completion of a previous trial that revolves around former 1MDB unit SRC International, a Kuala Lumpur High Court...Asia Newsread more
"I don't want to do business at all because it is a national security threat," Trump told reporters.Technologyread more
Trump's is due to visit Copenhagen early next month, when the Arctic will be on the agenda in meetings.Europe Politicsread more
All of Wall Street's eyes are on Apple right now.
Apple is scheduled to report quarterly earnings after the close Tuesday and the broader market is currently trading in lockstep with the tech giant.
The SPDR S&P 500 ETF Trust (SPY) hit its high of the day at the same time shares of Apple hit their session high. Once Apple pared its gains to trade flat, the SPY — which track the S&P 500 index — reverted back to breakeven. As of 1:38 p.m. ET, both Apple and the SPY were both down about 0.1 percent.
Apple shares have been beaten down lately, falling about 1 percent this month, on the back of a big cut in revenue guidance. Earlier this month, the tech giant slashed its fiscal first-quarter revenue forecast amid weakness in the Chinese economy and weaker iPhone sales.
Most of the bad news may have already been priced in, however. Larry Benedict, founder of The Opportunistic Trader, said the options market is pricing in no more than 3 to 4 percent move on the earnings report, "so we're not expecting much there."
Apple shares fell nearly 10 percent after cutting its guidance earlier this month. Apple has a 3.2 percent weighting in the SPY, second behind Microsoft's 3.7 percent weighting.