On Tuesday, Apple Inc. (AAPL, -0.05%) is among the companies whose shares are expected to see active trade. This comes after the Cupertino-company unveiled its smartwatch on Monday. The Apple Watch is expected to boost growth in the company and to shift the revenue performance pressure away from the iPhone. During the launch event, Apple showed off their new watch including its many features and they also announced that HBO Now, which is HBOâ€™s new video streaming service, will be launched exclusively on Apple TV next month. The cost for HBO Now will be $14.99 per month. Furthermore, Apple also announced that it was cutting the price of its Apple TV from $99 to $69. A new 12 inch MacBook was also unveiled by Apple on Monday and the consumer electronics giant dubbed this new device as the thinnest ever which also features a battery that lasts all day. The new MacBook only weighs two pounds and will also be available in gold. If you want to get your hands on this latest device, the cost starts at $1,299 and shipping will begin on the 10th of April. You can also order your Apple Smartwatch from the 10th of April and it will be available in 9 countries from the 24th of April.
In U.S. trading on Monday, stocks ended the trading session higher. Despite this increase, stocks remained below their record levels while Wall Street marked the 6th anniversary of the U.S. bull market. Last week Friday, it was announced that AT&T was being booted from the Dow Jones and replaced by Apple Inc. later this month. At the close of trading, the Dow Jones Industrial Average (DJIA, +0.78%) advanced 0.8%, or 138.94 points, to 17,995.72, with 25 blue-chip members finishing higher. Also on the upside was the S&P 500 index (SPX) which gained 0.4 percent, or 8.17 points, to 2,079.43. On the 9th of March 2009, the SPX hit a bottom at 676.53 losing half of its value since October 2007. Six years later though to the day, the SPX has more than tripled its value. Following the upward trend was the Nasdaq Composite index (COMP) which gained 0.3%, or 15.07 points, to 4,942. Boosting the Nasdaq was its most heavily weighted stock, Apple Inc. (AAPL, -0.05%) whose shares rose as much as 2.4 percent. This came after the company launched its new and thinner MacBook notebook computer as well as its highly-anticipated Apple Watch device.
The U.S. dollar (USD) held firm on Monday just below its 12 year peak. This came after the better-than-expected jobs report pushed investors to lock in profits from Fridayâ€™s rally which prompted expectations that the U.S. Federal Reserve is likely to hike interest rates by June this year. Meanwhile, the euro remained under pressure with EUR/USD recovering from an overnight low of 1.0823. The currency pair advanced 0.09 percent to trade at 1.0851 as eurozone finance ministers prepare to discuss the reform package presented by Greece as part of the review of its bailout. A temporary agreement was reached last month with Athens yet the country will only be able to access additional financial aid once the creditors have signed off on this agreement. Meanwhile, the greenback performed stronger against the Swiss franc and the yen with USD/CHF up 0.11% at 0.9865 and USD/JPY up 0.34 percent at 121.22. Against the British pound and the Australian dollar, the USD traded mixed with GBP/USD trading at 1.5097, up 0.40% and AUD/USD down 0.12% at 0.7713. Also, the U.S. dollar index was at its strongest level since September 2003 at 97.69.
Crude oil prices continue to climb and in Asian trading on Tuesday, prices advanced on mixed prices trends data out of China as investors now turn their attention to the weekly stockpile data out of the U.S. expected out today. In their report, China showed that consumer prices year-on-year for February advanced 1.4 percent which beat expectations for a gain of only 0.9 percent. Meanwhile, producer prices year-on-year for the same month declined 4.8%, missing expectations for only a 4.3 percent decline. WTI crude oil for delivery in April traded at $50.31 a barrel, up 0.62% on the NYMEX while on Monday, Brent crude oil for April delivery traded at $58.52 a barrel, down 2.03% on the Intercontinental Exchange (ICE).