Before the Bell | Apple to cut iPhone, AirPods output

Moomoo Breakfast US wrote a column · Mar 28, 2022 05:16

Hey, mooers! Here are things you need to know before the opening bell:

- Stock futures were mixed Monday morning as a week filled with key economic reports kicked off, and investors continue to keep a close eye on the Federal Reserve’s planned interest rate hikes.

- Apple Inc is planning to cut the output of its iPhone and AirPods devices as the Ukraine crisis and looming inflation start to weigh on demand for consumer electronics, the Nikkei reported on Monday, citing sources.

Market Snapshot

Stock futures were mixed Monday morning as a week filled with key economic reports kicked off, and investors continue to keep a close eye on the Federal Reserve’s planned interest rate hikes.

Futures on the $Dow Jones Industrial Average(.DJI.US)$ climbed 0.08%, while $S&P 500 Index(.SPX.US)$ futures barely changed and $NASDAQ 100 Index(.NDX.US)$ futures went down 0.12%.

Source: Bloomberg

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