Stocks lower, Apple, jobs data, GameStop, NFL kick-off

Stocks lower, Apple, jobs data, GameStop, NFL kick-off

Sep 7, 2023 - 18:30
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Stocks lower, Apple, jobs data, GameStop, NFL kick-off

Five things you need to know before the market opens on Thursday September 7:

1. -- Stocks lower as renewed inflation fears lift dollar, US Treasury yields

A resilient U.S. economy is stoking renewed inflation concerns as hiring remains firm, prices continue to rise and oil holds near the highest levels of the year.

2. -- Apple slide deepens as China expands iPhone ban in latest trade war salvo

China's plan to ban the use of iPhones by government employees could be expanded to include regional agencies and state-backed businesses, Bloomberg reported Thursday.

3. -- Job market back in focus as wage pressures bubble, testing Fed patience

Weekly jobless claims data will be back in focus Thursday as investors fear a resilient U.S. economy will stoke renewed inflation pressures.

4. -- GameStop shares leap on solid Q2 revenues, but profits remain elusive

GameStop posted solid second quarter revenues late Wednesday as its pivot to online sales continues to support its topline growth.

5. -- NFL kicks-off with Chief-Lions matchup; gaming, rights deals in focus

Betting on NFL games could top $24 billion this year as sports gaming platforms expand to new states heading into the 2023 season.

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