“If we can get through the week without too many setbacks, then investors may begin to see the light at the end of the tunnel and sense opportunities in the markets, rather than view it with anxiety and fear which has certainly been the case in recent weeks,” said Craig Erlam, senior market analyst at OANDA.
This week, earnings reports for the third quarter will continue with Apple being one of the heavy hitters that could help spark a rally for stocks as 2018 comes to a close.
“Apple is scheduled to report quarterly earnings on Thursday and analysts who track the company predict— surprise —that the good times are likely to continue for Apple, the world’s most valuable public company,” said Jack Nicas of the New York Times. “Sales of iPhones have leveled off in recent quarters but people have been paying more for each device, sustaining a steady growth rate for the $1 trillion company.”
For more market news, visit ETFTrends.com.