Stock futures (^DJI, ^IXIC, ^GSPC) appear mixed to start the week after indexes soared together to new highs last week, while investors and markets also eye a slew of key economic data, including the Personal Consumption Expenditures (PCE) index due out on Friday.
Bitcoin (BTC-USD) extends its losses after falling off by 10% over the past 30 days and over 5.7% in just the last week. The cryptocurrency hovers above $61,000 this morning.
Apple (AAPL) has strayed into the sights of the European Commission again after regulators found Apple’s App Store is in breach of its Digital Markets Act.
For more expert insight and the latest market action, click here to watch this full episode of Morning Brief.
This post was written by Luke Carberry Mogan.
Video Transcript
Three things that you need to know this Monday morning as you prep for the trading day.
Yahoo Finance is Jared.
And as for A and Josh and have more stock futures are mixed this morning after reaching new heights last week.
S and P futures near the flat line after the index closed up for the week and touched an intra day high of over 1,005,505.
On Thursday, the Dow saw its best week since May, finishing up more than 1% and investors are looking ahead to a number of economic data points.
We’re going to get consumer confidence the second GDP revision for the first quarter, a number of housing related prints, all culminating in Friday’s PC inflation report.
Now Wall Street expects prices on a core basis, which excludes food and energy, to arisen just 1/10 of a percent last month.
That would likely mark the slowest monthly rise since last November and Bitcoin extending losses hovering around 61,000 after a bad week for crypto Bitcoin fell more than 5% over the last five trading days.
Spot Bitcoin ETF suffered more, suffered more than $500 million and outflows in the last week.
The decline reflecting cooling demand for Bitcoin ETF.
It all comes after the Cryptocurrency hit a record of above 73,000 back in March, and Apple is in hot water, with regulators once again the European Commission saying Apple is in breach of new rules meant to protect competition on its APP store.
The commission says under the terms of the Digital Markets Act, developers on Apple’s APP store should be able to inform their customers of alternative, cheaper purchasing possibilities and be able to steer them to those offers, all free of charge.
The investigation finding Apple is not in compliance.
EU regulators are also opening a new probe into Apple over the contractual terms the tech giant has laid out for developers.
