Tech Shares Have Been Driving The Major Stock Indices So Far This Week
Tech shares have been driving the major indices: Tom Essaye Quoted in Barron’s
Stocks Slip. Apple Event in Focus Ahead of CPI Data.
“Tech shares have been driving the major stock indices so far this week,” Essaye writes. “So any meaningful reaction in [AAPL] shares will likely move the broader indices as focus turns ahead to CPI tomorrow.”
With no major economic reports ahead of Wednesday’s release of the consumer price index for August, Sevens Report Research’s Tom Essaye writes that Apple’s (ticker: AAPL) new product event will be a key focus. The event is expected to unveil the next line of iPhones. Wall Street doesn’t foresee the device will be a massive step up from recent releases.
Also, click here to view the full Barron’s article published on September 12th, 2023. However, to see Tom’s full comments on the current market environment sign up here.
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