Light volumes, but Apple and Bristol Myers take the headlines
After one of the lightest days in recent history for the US markets, yesterday traders were hoping that, with Europe back in harness from a four-day weekend, things may improve. IGTV speaks to Tasty Live.
(Partial Video Transcript)
Can US industry take charge?
Welcome to this edition of beat the street. It's Wednesday 27 December 2023. Let's take a look at the headlines as we await the start of today's Wall Street session in one hour's time.
We'll be taking a look at what's happening with the US industry. We've seen one of the lightest days yesterday on recent record. And despite the fact it was a positive session yesterday, I know that's subsequently given a boost to what happened over in the Pacific markets and subsequently as well to Europe, which is higher.
But the thing is, can the battle be handed over again to the US industry, and hopefully get something slightly stronger? At the moment, looking as though we're going to be opening where we left off yesterday's session.
Apple appeals ITC ban
And among some of the corporate news headlines, we've got an appeal by Apple. It's going up against the International Trade Commission decision to ban US sales of Apple's two most recent watches, because it comes up against patent infringement, according to those that are looking at this from a point of view of litigation.
And we're watching oil as we see a continuation of the geopolitics around the Red Sea. And this is sending oil up a further leg higher, as we've got four-week highs now for both Brent and Western Texas Intermediate (WTI).
So, good afternoon, and welcome to this special edition of big news. I say special, it's because we're looking at markets in what is essentially a very difficult time because we've got very low volumes.
Let's take a look at this chart we've just seen a flash print of for the Dow Jones Industrial Average. And amongst the news headlines we've seen over the last week or so is a new print higher intraday at 37,645. They can quite clearly see yesterday's move up in the markets that we saw.
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