A fall in shares of Amazon and Facebook pulled the S&P 500 and Nasdaq indexes lo...
“Apple’s results will be a good read into trade and the situation with China and if Apple has a good number it would be a stabilizing force for the technology sector,” said Craig Hodges, portfolio manager with Hodges Funds in Dallas, Texas.has risen 2.7% this month on hopes that the Federal Reserve would take a more dovish approach to counter the impact of a protracted U.S.-China trade war, which has helped Wall Street's main indexes scale record levels this month.
Data from Refinitiv shows 76% of the 222 S&P 500 companies that have reported earnings so far have topped profit estimates, but reports on the U.S. economy went in the opposite direction, supporting action by the Fed.
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