U.S. equities retreated moderately overnight
U.S. equities retreated moderately overnight after the Apple product launch, price tag and release date raised investor concerns, which left its stock price down about 1% cumulatively since the start of the Apple event yesterday afternoon. U.S. core PPI rose only 0.1%, which seemed to foreshadow a tame reading on CPI tomorrow. The ratcheting up of rhetoric on both sides after the UN sanctions on N. Korea also gave investors pause, though Trump has since tweeted about the "biggest tax cut and tax reform package in history" and said meetings with Senators on the topic were "highly productive." The Dow is 18-points lower, S&P sank 4-points and NASDAQ is off 15-points in pre-open trade. Asia was mixed with the N-225 +0.45% and the HK Hang Seng -0.28%, while Europe is split as well with the Euro Stoxx 50 +0.23% and UK FTSE 100 -0.28%. The dollar index is a hair lower near 91.80, gold has steadied near $1,332 and WTI crude rallied 1% to $48.73 bbl. In M&A, Centene rallied 4.5% after buying Fidelis Care for $3.75 B.