Stock-index futures fall with Apple shares leading big tech lower
- S&P 500 futures dip as traders wary of rally exhaustion
- Apple eyes 4-month low
- Stock-index futures fall with Apple shares leading big tech lower
- Dow Jones Industrial Average futures fall 62 points
- Nasdaq 100 futures ease 112 points
- Cautious mood envelops risk assets
- Indications of Apple’s shares falling to a four-month low
- Hong Kong’s Hang Seng down 2.6%
- China’s National People’s Congress disappoints with unchanged fiscal policy target
- Companies reporting earnings include Target, Ferguson, NIO, CrowdStrike, Nordstrom, and Box
U.S. stock-index futures fell early Tuesday with Apple shares leading big tech lower after a report of slowing China iPhone sales. The S&P 500 futures dipped 14 points, or 0.3%, to 5124, while the Dow Jones Industrial Average futures fell 62 points, or 0.2%, to 38960. Nasdaq 100 futures eased 112 points, or 0.6%, to 18150. The previous session’s action, when the S&P 500 rose to a fresh high but then finished in the red at the close, has made traders cautious. Additionally, indications of Apple’s shares falling to a four-month low and disappointment over China’s National People’s Congress’ unchanged fiscal policy target have contributed to the cautious mood in the market. Companies reporting earnings include Target, Ferguson, NIO, CrowdStrike, Nordstrom, and Box.
Factuality Level: 3
Factuality Justification: The article provides factual information about the performance of stock-index futures and the factors driving the market. However, it lacks depth and context, and there is a lack of analysis or expert opinions to support the claims made in the article. The article also contains some unnecessary details and repetitions, which reduce its overall factuality level.
Noise Level: 2
Noise Justification: The article provides relevant information about the stock market, including futures trading, market performance, and key events impacting the markets. It also includes insights from experts and details about companies reporting earnings and economic updates. The article stays on topic and provides actionable insights for investors.
Financial Relevance: Yes
Financial Markets Impacted: U.S. stock-index futures
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article discusses the impact of slowing China iPhone sales on U.S. stock-index futures, indicating financial relevance.
Public Companies: Apple Inc. (AAPL), Target Corporation (TGT), Ferguson plc (FERG), NIO Inc. (NIO), CrowdStrike Holdings, Inc. (CRWD), Nordstrom, Inc. (JWN), Box, Inc. (BOX)
Key People: Jim Reid (Strategist at Deutsche Bank), Stephen Innes (Managing Partner at SPI Asset Management), Michael Barr (Fed Vice Chair for Supervision)
Reported publicly:
www.marketwatch.com 
