Wall Street Futures Mixed as Apple Slips
US stock index futures traded mixed on Tuesday as Apple shares dropped following a warning about rising memory chip costs. Meanwhile, investors awaited the outcome of crucial midterm elections and monitored rising crude oil prices.
Xurve View
Insights:
Xurve View
APPLE INC stock dropped 3.9% in premarket trading on Tuesday as the company warned of rising memory chip costs, pressuring U.S. stock index futures. The Nasdaq-100 entered a correction on Monday, closing over 10% below its record high amid mounting scrutiny over Big Tech artificial intelligence spending. Investors are also weighing congressional midterm elections in the United States and ongoing geopolitical tensions involving Iran .
