US stocks move sideways ahead of Apple event

New York, Sept 9, 2025 (AFP)
Wall Street stocks were little changed early Tuesday ahead of key inflation data and an Apple event expected to highlight new iPhones.
Data on producer and consumer prices are major focal points this week as markets look ahead to a September 17 Federal Reserve decision where the US central bank is expected to cut interest rates.
About 15 minutes into trading, the Dow Jones Industrial Average was down less than 0.1 percent at 45,495.99.
The broad-based S&P 500 edged up 0.1 percent to 6,501.12 while the tech-rich Nasdaq Composite Index gained 0.2 percent to 21,837.09.
Steve Sosnick of Interactive Brokers said benign inflation data could boost talk of a 50 basis point interest rate cut next week instead of the expected 25 basis point.
However, "if inflation is clearly going in the wrong direction, it makes it very hard for the Fed to be as aggressive as the stock market hopes," Sosnick said.
Among individual companies, Apple dipped 0.6 percent ahead of an Apple event expected to include the rollout of a super-thin "Air" version of the iPhone. The event comes as Apple faces pressure to prove it is keeping pace in the generative AI race.

Sumber : AFP