Earnings reports will dominate next week’s economic calendar, not least Apple’s quarterly results which could determine the direction of that mega-company’s stock.
Earnings reports will dominate next week's economic calendar, not least Apple's (NASDAQ: AAPL) quarterly results which could determine the direction of that company's stock.
All U.S. securities markets are closed on Monday for the Martin Luther King Jr. holiday.
Apple will report on Wednesday and investors will be looking for another record-breaking quarter. So will analysts, a majority of whom believe the Cupertino, Calif.-based tech and consumer gadgets company had its best quarter ever.
Apple's stock has been slipping in recent weeks, falling well below its all-time high of $705 recorded in September. The stock closed down $2.68 on Friday at $500.
Analysts say the company will need another blowout quarter to get that upward momentum working again.
A total of eleven components of the Dow Jones Industrial average will be reporting.