Stock Market Today: Stocks Set for Lower Open After Apple Earnings Disappoint
US stocks are set for a lower open after Apple earnings disappointed investors. While Apple beat quarterly earnings, the stock fell in early trading due to a memory-chip cost warning that raised margin concerns for the holiday quarter. This pressure on Apple is weighing on the broader tech sector, leaving US stock futures mixed. In Asia, shares are mixed as tech losses offset broader Wall Street gains. Other major moves include AMD losing nearly 10% of its market value in one session and JPMorgan dropping 6.18% to $336.66.
Listen to Live Briefing
Real-time synthesized voice briefing Β· Live Feeds Desk
- β Apple beat quarterly earnings but saw its stock drop due to memory-chip cost warnings.
- β Asian shares are mixed as tech losses offset broader Wall Street gains.
- β US stock futures are trading mixed in premarket.
What changed
Apple's quarterly earnings beat was overshadowed by a memory-chip cost warning that triggered a tech sell-off.
Live updates
-
Apple Margin Concerns Weigh on Tech as Markets Open Lower
US stocks are set for a lower open after Apple earnings disappointed investors. While Apple beat quarterly earnings, the stock fell in early trading due to a memory-chip cost warning that raised margin concerns for the holiday quarter. This pressure on Apple is weighing on the broader tech sector, leaving US stock futures mixed. In Asia, shares are mixed as tech losses offset broader Wall Street gains. Other major moves include AMD losing nearly 10% of its market value in one session and JPMorgan dropping 6.18% to $336.66.
Why it matters
Apple acts as a bellwether for the tech sector, meaning its margin outlook often dictates sentiment for other hardware and chip companies. Recent volatility is further complicated by political shifts following a blue wave in Congress and reported US strikes affecting oil prices.
What is confirmed
- Apple beat quarterly earnings but saw its stock drop due to memory-chip cost warnings.
- Asian shares are mixed as tech losses offset broader Wall Street gains.
- US stock futures are trading mixed in premarket.
Still unconfirmed
- AMD erased $65 billion in market value in a single session.
- JPMorgan dropped 6.18% to $336.66 in one session.
- A reported US strike is lifting oil prices.
What to watch next
- Further guidance on memory-chip costs for the holiday quarter
- IPO filings or announcements from OpenAI and Anthropic
confidence 90%Sources used for this update (12)
- economictimes.indiatimes.com β Pine Labs
- www.bitget.com β Propland Price Prediction , PROPrice Prediction 2025
- Bloomberg.com β Nasdaq Slide Clouds Asian Open, Oil Falls on Iran: Markets Wrap
- AP News β Asian shares are mixed as tech losses offset broader gains on Wall Street
- WSJ β Stock Market Today: Stocks Set for Lower Open After Apple Earnings Disappoint
- Yahoo Finance β US Stock Futures Trade Mixed Premarket As AAPL Margin Concerns Weigh On Tech β PLTR, AMD, AEHR In Focus
- CNBC β Apple margin outlook pressures tech as reported U.S. strike lifts oil
- finance.yahoo.com β OpenAI and Anthropic IPOs, volatility in markets after blue wave
- 247wallst.com β AMD Loses Nearly 10% in One Session, Erasing $65 Billion in Market Value
- 247wallst.com β JPMorgan Drops 6.2% in a Single Session: What It Means
- finance.yahoo.com β Apple Crushed Earnings, but Its Stock Is Dropping Over Memory ...
- finance.yahoo.com β Apple Stocks Move Lower With Earnings Facing a Distorted ...
Community Sentiment: How do you assess this situation?
Voice your perspective Β· Real-time aggregated sentiment from the Live Feeds community