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Apple & Higher Tsy Yields Result In Modest Underperformance for NASDAQ E-Mini

EQUITIES

Apple is indicated 0.7% lower pre-market, with BBG reports flagging “Apple Inc.’s new iPhone 15 is selling far worse in China than its predecessor, according to separate analyses, reflecting stubbornly weak consumption as well as the rise of rivals like Huawei Technologies Co. Sales of Apple’s flagship device are down 4.5% compared with the iPhone 14 over their first 17 days after release, market tracker Counterpoint Research estimated in previously unreported figures.”

  • E-minis are 0.2-0.5% higher on the day, with the above story contributing to the NASDAQ 100 contract’s underperformance vs. the S&P 500 and DJIA. Tech sector sensitivity to higher Tsy yields will also be feeding into the modest underperformance of the contract.
  • More broadly, equities are better bid owing to the lack of escalation in the Israeli-Hamas conflict over the weekend.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
HomepageEquitiesAT&T Market NewsBank of America Market NewsBulletMarketsFixed Income BulletsForeign Exchange Bullets
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
HomepageEquitiesAT&T Market NewsBank of America Market NewsBulletMarketsFixed Income BulletsForeign Exchange Bullets

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