News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Oil - US Crude
Wall Street
More View more
Real Time News
  • Heads Up:🇯🇵 Industrial Production YoY Prel (SEP) due at 23:50 GMT (15min) Previous: -13.8%
  • 🇯🇵 Unemployment Rate (SEP) Actual: 3.0% Expected: 3.1% Previous: 3.0%
  • What is the US Dollar outlook based on retail positioning ahead of the November 3rd presidential election? EUR/USD may fall as AUD/USD rises. Which way could USD/CAD capitulate? Find out from @ddubrovskyFX here:
  • Heads Up:🇯🇵 Unemployment Rate (SEP) due at 23:30 GMT (15min) Expected: 3.1% Previous: 3.0%
  • - #Biden is leading in the polls but a last-minute surprise could be in the cards - #Covid-19 case spike, fiscal stalemate souring sentiment and derailing outlook - #AUDUSD puncturing support at 0.7018 may open the door to further declines
  • The Dow Jones will look to earnings from Apple, which was once the largest component of the index. Get your #Dowjones market update from @PeterHanksFX here:
  • The Indian Rupee may weaken following a breakout higher in USD/INR. Despite rising global stock market volatility, the Nifty 50 has been holding its ground. Could it capitulate lower? Find out from @ddubrovskyFX here:
  • Relief rally ahead for $AUDNZD? Bullish RSI divergence at key psychological support (1.0600) suggests a rebound back towards the 21-MA (1.0626) and 50-MA (1.0659) could be on the cards Conversely, a break below 1.0590 probably opens the door for further losses. $AUD $NZD
  • WTI Crude Oil fell to a fresh four-month-low this morning. This fresh low broke through range support that’s held for the better part of two months. Get your #crudeoil technical analysis from @JStanleyFX here:
  • Forex Update: As of 20:00, these are your best and worst performers based on the London trading schedule: 🇨🇦CAD: -0.02% 🇳🇿NZD: -0.16% 🇦🇺AUD: -0.25% 🇬🇧GBP: -0.42% 🇨🇭CHF: -0.59% 🇪🇺EUR: -0.62% View the performance of all markets via
Apple Stock Drops After Split Q2 Earnings Result

Apple Stock Drops After Split Q2 Earnings Result

2017-05-03 04:56:00
Christian Lewis,

Talking Points:

  • Apple 2Q revenue $52.9B versus $53.1B expected
  • Sold 50.8M iPhones in 2Q versus a 51.4M estimate
  • Most firms’ results have beat forecasts this season

See what live coverage is scheduled for key financial market events on theDailyFX webinar calendar.

Apple (AAPL) stock received a moderate boost, then sharply fell after the company’s second-quarter earnings crossed the wires showing a mixed result. The company showed revenue of $52.9 billion, which fell below estimates of a $53.1 billion result. It also sold less iPhones than the previous quarter.

However, the news was not all negative for investors as AAPL showed earnings per share (EPS) of $2.10, beating the $2.02 expectation. The stock rose slightly in after-hours trading, then fell by as much as 1.63 percent as the market digested the outcome.

With markets now slightly past the earnings season’s halfway point, most US companies’ results have impressed relative to expectations. Nearly 76 percent of companies that released results through April 28beat analysts’ EPS estimates.

This may be worth noting as the spotlight turns to the FOMC monetary policy announcement. Fed officials keep an eye on the stock market as a measure of overall market sentiment and typically shy away from tightening when risk appetite sours. Alternatively, an upbeat mood may help clear the way for a June hike.

Apple Stock Drops After Split Q2 Earnings Result

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.