U.S. stock futures struggled to make headway ahead of Apple's marketing event later in the session and important inflation and retail sales data in coming days.
U.S. stock futures were struggling to make headway early Tuesday as traders kept their powder dry ahead of Apple’s marketing event later in the session and important inflation and retail sales data in coming days.
Apple shares AAPL, +0.66% are a fraction firmer in premarket action as investors wait to see what the world’s biggest listed company has in store at its marketing event, due to start at noon Eastern, in which it is expected to reveal new iPhones. “ARM which prepares to announce its IPO price tomorrow, has been oversubscribed by 10 times already and bankers will stop taking orders by today,” said Ipek Ozkardeskaya, senior analyst at Swissquote Bank. “The promising demand could also encourage an upward revision to the IPO price, and we could eventually see the kind of market debut that we like!”
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