'No huge surprises': Why Apple stock hasn't moved much on iPhone 16 news
Yahoo Finance's Madison Millsreports:
Apple's artificial intelligence offering, Apple Intelligence, was the star of its annual iPhone event on Monday.
But for investors, the slow rollout of Apple Intelligence could pose a problem. While Apple's iPhone 16 hits stores on Sept. 20, the software update required for Apple Intelligence won't be available for US English users until October.
The disconnect between the hardware and software may have been one reason why Apple stock didn't move much on the news. Shares of the iPhone maker were down by about 0.9% during the company's "Glowtime" presentation in Cupertino, Calif., and they were up less than 1% over the three days since the event.
Read more here.
Thu, September 12, 2024 at 3:08 PM GMT+1
Delta issues strong outlook despite summer tech glitch
Delta (DAL) stock jumped before dipping into negative territory Thursday after the airline said its full year profit will come at the mid-point of its previously anticipated range, despite a computer glitch earlier this summer.
The airline see full year adjusted earnings per share at or above $6.50 versus a prior reading of $6 to $7, excluding the impact from a global tech outage in July.
Delta shares dipped nearly 2% in early trading.
Thu, September 12, 2024 at 2:32 PM GMT+1
Stocks steady amid more cooling inflation data, higher than expected jobless claims
Stocks were little changed on Thursday as investors digested a fresh batch of data that could provide clues on how big of an interest rate cut the Federal Reserve will decide to implement at its policy meeting this month.
The S&P 500 (^GSPC) and the Nasdaq Composite (^IXIC) were flat, coming off sharp closing gains fueled by a tech rally. The Dow Jones Industrial Average (^DJI) was also little changed.
On the inflation data front, the Producer Price Index rose 0.2% in August from the prior month, slightly higher than what economists had been expecting. Meanwhile July's PPI reading was revised to the downside. On a year-over-year basis, wholesale prices rose 1.7%, in line with expectations.
Weekly initial jobless claims rose by 2,000 to 230,000, higher than what economists had been anticipating.
Investors are paying close attention to these data points as the Federal Reserve prepares to meet next week. The markets have been widely anticipating a rate cut. What is unknown is how big that cut will be.