Apple gets in the way of relief rise for the Nasdaq 100 futures

The immediate reaction across the US equity futures subsequent to the US PCE and GDP revision and last month data was positive, as we noted in the previous update. It was not that the data was necessarily so good in either direction apart from the GDP revision, it was relief that US inflation is not running hotter than forecast, as some had feared. Hence, the Dow Jones futures immediately priced the opening above 52k and they are not far removed from that as we write. The Nasdaq 100 futures looked like making a return trip to 30k, but they have since pared that opening call.

The reason for that is all due to breaking news from Apple, announcing significant increases across their product range. That news has dented AAPL in the grey market and hence stopped the Nasdaq 100 futures too. The index is currently priced to reopen around 29,890