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Apple's earnings driving up all major indices

Published 2024-05-03, 09:22 a/m
AAPL
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Welcome to today's Market Outlook for Friday.

In the premarket session, Apple (NASDAQ:AAPL)'s earnings and significant share buyback announcement are driving up all major indices. However, it's important to note that the market might witness changes, particularly with the release of various US employment numbers at 8:30 AM.

Taking a broader perspective using weekly charts helps us filter out short-term fluctuations like Tuesday's flash crash or the heightened volatility seen on Wednesday.

As we head into Friday's trading, major indices are currently down for the week, but this could shift by the end of today.

Commodities are holding steady before the market opens.

Let's see if the Canadian market can benefit from the positive momentum generated by Apple's impressive performance.

This content was originally posted on the Stock Market Timing YouTube Channel

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