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March 11th news, technology reporter Gurman published a blog post today (March 11th), reporting that Apple (AAPL.O) is preparing the most disruptive system innovation in its history in order to reshape the user experience of iPhone, iPad and Mac. Gurman predicts that Apple will launch this system innovation in 2025, adjusting the style of icons, menus, applications, windows and system buttons, which will fundamentally change the appearance of the operating system and improve the consistency of Apples software platforms. This innovation will be launched with iOS19, iPadOS19 (codenamed "Luck") and macOS16 (codenamed "Cheer"), becoming the biggest upgrade of the Mac system since BigSur in 2020, and the biggest update of the iPhone since iOS7 in 2013.CoreWeave: OpenAI will become an investor in the company through a $350 million stock offering from CoreWeave.On March 11, the article stated that the task of comprehensively rectifying "involutionary" competition is necessary and urgent. Some market areas and industries have entered the stage of stock competition. Local economic development faces greater pressure for transformation and upgrading, which may intensify "involutionary" competition. It is necessary to timely encourage enterprises and local governments to open up development ideas and promote high-quality development through policy norms and guidance. Comprehensive rectification of "involutionary" competition is not to eliminate competition, but to guide competition in a healthier and more orderly direction. We must start from the strategic height of building a new development pattern, promoting high-quality development, and promoting common prosperity, promote the formation of a fair and competitive market environment, and create broad development space for various business entities, especially small and medium-sized enterprises. Only in this way can we make solid promotion of high-quality development and down-to-earth modernization construction the main theme.Ukrainian military: Russia launches air strikes on Kyiv.U.S. House Minority Leader Jeffries: House Democrats will not support Republican government spending bill.

Dow Futures Unchanged; Apple and Amazon Issue Statements

Skylar Williams

Jul 29, 2022 11:19

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The bulk of U.S. stock futures were higher on Thursday evening, after a strong day for key benchmark indexes, as earnings releases from large technology companies boosted risk appetite.


At 7:10pm ET (11:00pm GMT), Dow Jones Futures remained steady, while S&P 500 Futures and Nasdaq 100 Futures increased 0.4% and 1.1%, respectively.


Apple (NASDAQ:AAPL) rose 3 percent in extended trade after posting Q3 earnings per share of $1.20, above estimates of $1.16, and revenue of $82.96 billion, vs $82.59 billion expected.


Amazon (NASDAQ:AMZN) surged 13.6% after reporting Q2 losses of $0.20 per share, $0.33 worse than the consensus forecast of $0.13. The actual revenue was $121.23 billion, as opposed to the anticipated $119.18 billion.


Intel (NASDAQ:INTC) slumped 8.5% after announcing Q2 EPS of $0.29, well below analyst estimates of $0.70, on revenues of $15.32 billion as opposed to $17.96 billion.


United States Steel Corporation (NYSE:X) rose 3.5% after reporting Q2 profits per share of $3.86, above estimates of $3.50, and revenues of $6.29 billion, exceeding estimates of $5.50 billion.


Roku (NASDAQ:ROKU) lost $0.82 per share in the second quarter, which was worse than the average expectation of $0.68 per share. Actual sales was $764.4 million, which was less than the $804.13 million expected.


DexCom Inc (NASDAQ:DXCM) plummeted 17.8 percent after the company reported Q2 earnings per share of $0.17 instead of $0.19 and revenue of $696.2 million instead of $704.45 million.


Significant inflation data and second-quarter employment expenses will dominate Friday's session, along with earnings announcements from Chevron Corp (NYSE:CVX), Exxon Mobil Corp (NYSE:XOM), and Procter & Gamble Company (NYSE:PG) (NYSE:PG).


During Thursday's usual trading day, the Dow Jones Industrial Average increased 332 points, or 1%, to 32,529.6, the S&P 500 increased 48.8 points, or 1.2 percent, to 4,072.4, and the technology-focused NASDAQ Composite increased 130.2 points, or 1.1 percent, to 12,522.6.


This week, risk appetite increased as the Federal Reserve delivered a 75 basis point rate decrease and remained more dovish than expected on Wednesday, and as Thursday's dismal GDP data increased the chances of a Fed pause in interest rate increases.


The 10-Year United States interest rate was 2.671% in the bond markets.

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