Stock Futures Inch Higher at the Start of a Busy Week of Earnings, Economic Data; Major Indexes Riding 4-Day Winning Streak
Watch These Apple Levels Ahead of Earnings Report
46 minutes ago
Apple (AAPL) shares are in focus to start the week ahead of the iPhone maker’s highly anticipated fiscal second-quarter results, due after Thursday’s closing bell.
Wall Street will be paying close attention to the tech giant’s guidance for the current quarter in an effort to determine what impact tariffs and potential price increases have had on consumer demand for the company’s devices.
Investors will also be looking for updates on recent reports that Apple intends to produce most of its U.S.-sold iPhones in India by the end of 2026. The company is aiming to mitigate risks related to the Trump administration’s steep import duties imposed on China, a country where Apple reportedly assembles up to 90% of its iPhones.
Apple shares trade 16% lower year to date as of Friday’s close but have recovered nearly 25% from this month’s low as investors assess the company’s plans to navigate tariff-related challenges.
After staging a dramatic intraday reversal at the 200-week moving average on above-average volume earlier this month, Apple shares have continued to gain ground.
However, while the relative strength index has moved upwards ahead, the indicator remains just below the 50 threshold, signaling lackluster price momentum.
Investors should monitor key support levels on Apple’s chart around $169 and $157, while also watching crucial resistance levels near $220 and $237.
The stock was up 0.4% at around $210 in recent premarket trading.
Read the full technical analysis piece here.
Futures Point to Slightly Lower Open for Major Stock Indexes
1 hr 37 min ago
Futures tied to the Dow Jones industrial Average were down 0.2%.
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S&P 500 futures also slipped 0.2%.
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Nasdaq 100 futures were off 0.3%.
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