Wall Street wavers as tech gives ground and industrials rebound
Updated : January 30, 2019 06:21 AM IST
Apple Inc jumped 4 percent in extended trade after the iPhone maker posted quarterly results following its warning earlier this month that revenue would be less than previously expected due to softness in China, whose economy has been damaged by a trade war with the United States.
Apple's stock had fallen 1.04 percent during the trading session, and its rebound after the bell helped push S&P 500 futures up 0.2 percent, suggesting Wall Street could open in positive territory on Wednesday.
After raising rates gradually last year, the US Federal Reserve is taking a wait-and-see approach to further tightening in the face of an overseas slowdown and market volatility.
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
THANK YOU! You made our day. See you every morning
YOUR EMAIL IS ON ITS WAY. Check your inbox for future updates.
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more