Nasdaq Futures Bounce Back Ahead of Apple Earnings
Nasdaq futures rebound slightly following a severe tech sector selloff driven by weak results from Intel and Amazon. Investors now await upcoming earnings reports from Apple as markets look ahead to the US midterm elections.
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Apple will report fiscal fourth-quarter revenue rising nearly 11% to $113 billion, focusing markets on core offerings amid tech sector turbulence. The update follows a brutal October selloff in United States equities driven by poor earnings and cash burn worries. Investors are tracking whether rising chip input prices and hardware demand can sustain Apple's margins as the company sidesteps the broader AI hyperscaler frenzy.
