Futures pointing lower as Apple worries greet returning investors
2017-12-26 08:57:02
Stock futures are below fair value as they take their lead from Asian markets, which were mixed overnight. Trading is expected to be light today and throughout the rest of the week, but investors will be watching today's reports from both the Richmond and Dallas Fed on manufacturing activity. The day's big story so far has been Apple, with the tech giant's stock lower after a cautious report regarding tepid demand for the iPhone X. Bitcoin, which saw a big selloff last week, is rebounding today with the cryptocurrency up more 9% in early trading to move back over $15,000 per coin. Oil prices are little changed with the commodity trading well above $58 a barrel. In early pre-market trading, Dow futures were 65 points below fair value, Nasdaq futures were 38 points below fair value and S&P futures were 2 points below fair value.