The futures contracts of S&P 500 e do Nasdaq fell on the morning of Friday, indicating that the spot indices will move away from the record highs of the day before, with swings by the giants Apple (AAPL) e Amazon.com (AMZN) rekindling concerns about labor and supply shortages that have been at the forefront of this quarterly earnings season.
Market participants have been watching closely how US companies face these challenges, along with fears about rising prices. inflation, after rather optimistic earnings reports so far have helped investors look beyond a mixed batch of macroeconomic data.
In the pre-market, Apple fell 3.5%, after the maker of the iPhone warn that the impact of supply chain disruptions will be even worse during the current year-end sales quarter, after supply problems cost $6 billion in sales last quarter.
Amazon.com Inc provided 4.8%. The world’s largest online retailer has made a bleak forecast for sales for the year-end quarter, as higher salaries to attract employees and other operational disruptions depress the company’s extraordinary profit from online shopping.
Starbucks Corp lost 4.7%. The coffee chain expects the operating margin for fiscal year 2022 to be 17%, below its long-term target, due to inflation and investment.
The Dow e-minis yielded 0.08%, the S&P 500 e-minis declined 0.49%, and the Nasdaq 100 e-minis retreated 0.90%.
I am an author at Global happenings and I mostly cover automobile news. In my time working in the automotive industry, I have developed a keen interest in the latest developments and trends. My writing skills have also allowed me to share my knowledge with others through articles and blog posts.
