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Ear on the Fed, eye on tariffs, stomach for Apple

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Published Sun, Jul 29, 2018 · 09:50 PM

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    US STOCKS finished last week more or less flat but technology stocks were lower, because of the so-called "Facebook crash".

    This week, the direction of the market will hinge on the Federal Reserve's Wednesday policy statement; any developments in trade disputes; and earnings from the biggest tech stock of them all, Apple.

    Shares of Facebook registered the biggest single-session dollar loss of any stock in US history on Thursday, losing US$119 billion in market capitalisation, roughly half the annual GDP of Singapore.

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