Market futures look brighter, Qualcomm rallies thanks to Apple, voters defend their right to bet
U.S. stock index futures were higher in early morning trading on Thursday as investors hoped that the winner of the U.S. presidential election would soon be determined. Brad McMillan, the Chief Investment Officer at Commonwealth Financial Network noted that “Markets are reacting very positively to the fact that a great deal of the election uncertainty has passed. Click here to read more
Qualcomm Inc (NASDAQ: QCOM) reported its first-quarter fiscal earnings yesterday. Revenue from the company’s chip segment was $4.97 billion (£3.84 billion) beating FactSet estimates of $4.59 billion. Qualcomm has Apple to thank for that. The company supplied chips to help connect the iPhone 12 models to high-speed 5G networks. Qualcomm’s shares were up 14% in extended trading. Click here to read more
Voters in several U.S states largely approved ballot propositions that legalize sports betting and other gaming expansion. Gambling stocks DraftKings and Penn National jumped. With DraftKings stock rallying 5.3%, and Penn National Gaming soaring 6.55% on Wednesday. Click here to read more
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