Stock Futures Edge Higher as Apple Plans Price Increase
Stock futures edged higher Thursday as investors looked for a rebound from the prior session's selloff, after the Federal Reserve held rates steady but signaled that a rate hike later this year remains possible, prompting renewed concern about inflation and the outlook for monetary policy.In pre-market trading, S&P 500 futures increased 0.81%, Nasdaq 100 futures were up 1.56% and Dow futures gained 0.44%.Check out this morning's top movers from around Wall Street, compiled by The Fly. Also, subscribe to theif you want to know how the markets will open, which stocks will be moving and why.HIGHER -Appleup fractionally after CEO Tim Cook told The Wall Street Journal said the company plans to raise prices on its products to offset the increasing costs of memory and storage chipsIntelup 9% after President Donald Trump says the company will work with Apple to design chipsRumbleup 16% after announcing realignment into two core business unitsCarnival, Royal Carbibbean, and Norwegianup between 2% to 3% each amid falling crude oil pricesIrenup 5% after Jefferies initiated coverage of the Bitcoin miner and data center operator with a Buy recommendationEnphase Energyup 6% after Barclays upgraded the stock to Equal WeightUP AFTER EARNINGS -Smith & Wesson Brandsup 13%DOWN AFTER EARNINGS -Accenturedown 15%Krogerdown 4%LOWER -SpaceXdown 3% as it wraps up its first week as a public company
