Stock futures rise as Apple rebounds and COVID cases fall sharply

Dow Jones, S&P 500, and Nasdaq futures each rose Monday morning as the market digests the Epic Games v. Apple ruling and COVID cases fall sharply.

Why Apple stock is struggling

Ed Carson for Investor’s Business Daily:

Dow Jones futures rose 0.6% vs. fair value. S&P 500 futures advanced 0.6% and Nasdaq 100 futures gained 0.6%.

Apple won several counts in its court fight vs. Epic Games, but lost a big one. U.S. District Court Judge Yvonne Gonzalez-Rogers issued a permanent injunction vs. Apple barring app developers from including external links or other means of directing customers to outside purchasing mechanisms… Apple stock fell 3.3% on Friday to 148.97 in the highest volume since late April, back into recent consolidation and just above its 50-day and 10-week lines. A rebound from these levels could offer a buying opportunity.

Apple is expected to unveil its latest iPhone and Apple Watch on Tuesday.

The seven-day average of new U.S. Covid cases has fallen 27% from the recent Sept. 2 peak, raising hopes that the delta wave has crested. Global coronavirus infections have declined significantly from late August. If that continues, a key headwind for economic activity, especially for travel, would wane.

MacDailyNews Take: As we wrote on Friday, “Once digested by the market, Apple will be seen as the clear winner in this case.”

16 Comments

  1. COVID cases fall sharply? Omg, this is horrible! We must further infringe on personal liberty to “protect the vaccinated” from the 0.01% “threat.” Maybe Biden will ban crosswalks, bubble gum, and lighting – they’re “dangerous” too! We just want to “protect the vaccinated.”

      1. If they are all vaccinated, then why/ how are they giving it to each other? We need to “protect the vaccinated”!

        So, if the vaccine doesn’t “protect” vaccinated people, what does it do? What, exactly, are we to protect vaccinated people from?

    1. I wonder how many people choke to death on ice cream cones each year. Do you think the exalted CDC has any numbers on that?

      COVID cases falling sharply? Oh no, this is an existential threat! We must further infringe on personal freedoms to “protect the vaccinated” from the 0.01% “threat.” Maybe Biden will ban ice cream cones, crosswalks, bubble gum, and lighting – they’re “dangerous” too!

      The new catchphrase out of this administration is “protect the vaccinated.” What does that mean? Protect them from what? Doesn’t the vaccine being forced on everyone (expect those pouring over the border) protect them already? If so, why do they need protecting? If not, what does the vaccine do?

        1. How is asking what “protect the vaccinated” means a “conspiracy hypotheses”? This administration, Joe and K have both used this phrase in the last four to five days. It is part of their reasoning behind forced vaccines. Some believe that these m-ndates might be unconstitutional. Note that I said ‘MIGHT be.” I’m not a constitutional lawyer. M-ndates, “forced” vaccinations, and lawyers aside, it seems reasonable to be curious about how and why the government needs to implement further policies to “protect the vaccinated.”

          Aren’t the vaccinated already protected? What does the government want to protect the vaccinated from? Don’t the vaccines already protect the vaccinated? If the vaccines are not protecting the vaccinated, why should there be a push to vaccinate everyone? What risk are the vaccinated facing that is so dire?

          Perhaps you can offer some theories to clear up the “protect the vaccinated” message.

          Much appreciated!

          In regards to contagious… there are plenty of contagions. Covid is just another one. It isn’t going anywhere. There will always be COVID cases until a truly effective vaccine becomes available, if that is even possible. In the meantime (and coming years) it is possible that every human being, vaccinated or not, will be infected with covid. Just like the flu or common cold. Not to make light of illness, but, all the government intervention in the world isn’t going to stop it. Maybe they don’t need to stop it. Maybe they can’t.

  2. It’s great that COVID cases are falling, but “cases” has never been the critical stat, except as a scare tactic. It’s about hospitalizations and deaths. I’ve read several articles recently about a recent study showing unvaccinated people are 11 times more likely to die. We must be wary when the media says stuff like that without providing raw numbers. I found a Fox News article which kindly included the numbers…

    “After the second period, which occurred between June 20 and July 17, the study noted that not fully vaccinated individuals are 4.5 times more likely to get infected (89.1 per 100,000 vs .19.4), 10 times more likely to be hospitalized (7.0 per 100,000 vs .7) and 11 times more likely to die (1.1 per 100,000 vs .1) from the delta variant.”

    The Delta Variant is (maybe) more infectious, but seems less dangerous. So, the chance of being infected is less than 1 in 1000, whether vaccinated or not. The chance of being hospitalized is less than 1 in 10,000, whether vaccinated or not. AND for death… 11 times almost zero is STILL almost zero. This study does NOT show we need more vaccinations. It’s shows we won already. Stop wasting even more taxpayer money on booster shots, and putting a huge burden on American businesses to enforce useless mandates.

    1. @ken1w Thank you for your insightful post.

      Unfortunately, none of it matters to the pandemicPORNpeddlers. It is gonna be endless mask m-ndates, “forced” vaccinations (unless you enter via the southern border) and never-ending boosters until after the 2022 mid-terms and (or) the 2024 election… at 3:46am, of course.

      Anything to distract from rising gas and food prices (anyone eaten out recently – good grief!), inflation, tax hikes and DC’s new pet project… Talibanland! As long as we “protect the vaccinated” we won’t mind billions of US taxpayer’s dollars getting sent to Afghanistan.

      Dial the porn up to 11… or is that 69?

    2. look at the data starting August to now (yes, a little more difficult to get). It is showing the vaccinated folks are getting whacked good with the virus, unvaxxed some… check Scotland and Israel statistics – highly vaccinated countries, Cases of vaxxed very high in August.

      1. The vaccine is becoming irrelevant. “Fully vaccinated” will soon mean having the booster shot, and another booster six months later, indefinitely. Fewer and fewer will go along with the charade.

        1. The vaccine has already made a huge positive difference. What remains is for the unvaccinated to either

          -Get vaccinated
          -Get sick and recover.
          -Get sick and die.

          The only charade is your anti vax BS.

  3. Haha! Nearly 20 one star votes in a ten-minute period. Looks like someone is “stuffing the ballot box.” It isn’t even 3:45am yet! Well, a little cheating at the ballot box is a small price to pay to “protect the vaccinated.” Whatever that means!

  4. “COVID cases fall sharply.”

    BAD news for Dem/Lib/Progs who’d hoped to once again game the process by unconstitutionally changing voting laws in order to manufacture Dem votes in inner city counties.

  5. America is being run by a cabal of globalist mental midget socialist filth with a demented puppet as its mascot, seen here posing with children who are far, far, far brighter than him, his own offspring, and his handlers:


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