AAPL is trading up 1.2% in pre-market hours, reaching $174.85 per share, as investors await the company's highly anticipated earnings report. This move comes after a strong rally in **US stocks** yesterday, with the **S&P 500** closing at **4,530.45**, up **0.8%** from the previous day. The **Nasdaq Composite** also rose **1.1%** to **13,770.57**, driven by gains in **tech stocks**.
What's Happening Right Now
As of 7:30 am ET, **US futures** are pointing to a higher open, with **Dow Jones** futures up **0.5%** at **34,550** and **S&P 500** futures gaining **0.6%** to **4,555**. The **Nasdaq 100** futures are also up **0.8%** at **14,250**. In **currency markets**, the **US dollar index** is down **0.2%** at **101.50**, while **crude oil** prices are up **0.5%** at **$73.50** per barrel.
Why It Matters for US Investors
The **AAPL** earnings report is expected to be a major catalyst for **US stocks** today, with investors closely watching the company's guidance on future sales and profitability. A strong report could boost **tech stocks** and the broader **US market**, while a disappointing report could lead to a sell-off. Additionally, **US economic data** released today, including the **ISM Manufacturing Index** and **Construction Spending**, will provide further insights into the state of the **US economy**.
Other **US-listed stocks** to watch today include **MSFT**, **GOOGL**, and **AMZN**, which are all due to report earnings later this week. These reports will provide valuable insights into the health of the **US tech sector** and the overall **US economy**. The **Federal Reserve** will also release its **Beige Book** report today, which will provide a snapshot of the **US economy** and could influence **interest rates** and **monetary policy**.
What Analysts Are Saying
AAPL** analysts are expecting the company to report **$1.88** in earnings per share, up **10%** from the same quarter last year. **Morgan Stanley** analysts have a **$180** price target on **AAPL**, citing the company's strong brand and **product ecosystem**. **Goldman Sachs** analysts, on the other hand, have a **$160** price target, citing concerns about **competition** and **regulatory risks**.
Key Takeaways
- AAPL is trading up 1.2% in pre-market hours ahead of earnings.
- US futures are pointing to a higher open, with Dow Jones futures up 0.5% and S&P 500 futures gaining 0.6%.
- The AAPL earnings report will be a major catalyst for US stocks today, with investors closely watching the company's guidance on future sales and profitability.
Frequently Asked Questions
What time does AAPL report earnings?
AAPL is scheduled to report earnings at 4:30 pm ET today.
What are analysts expecting from AAPL's earnings report?
Analysts are expecting AAPL to report $1.88 in earnings per share, up 10% from the same quarter last year.
How will AAPL's earnings report impact the US market?
A strong AAPL earnings report could boost tech stocks and the broader US market, while a disappointing report could lead to a sell-off.
