Refinitiv Newscasts - U.S. Morning Call: Futures fall on Apple China woes and investor caution ahead of inflation data

Foxconn Technology

08/09/2023 12:55

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Source: Reuters

Description: U.S. stock index futures were muted on Friday ahead of a fresh
inflation reading next week against the backdrop of latest economic data
fuelling concerns of interest rates remaining higher for longer. All eyes will
be on Apple and its suppliers today after about $200 billion was wiped from
the company's value in just two days on reports of China curbing iPhone use by
state employees and potentially local governments and state-owned companies.
Short Link: https://refini.tv/3sIH0NI

Video Transcript:

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