Here are 4 tips for today's trading. This will help you decide where you should invest and what to look for:
1. Apple's upcoming announcement
1. Apple's upcoming announcement
Apple is hosting an event at its Cupertino campus on Monday where it's expected to unveil smaller versions of the iPhone and iPad Pro. The event kicks off at 10 a.m. Pacific Time (1 p.m. ET).
It could also unveil new Apple Watch straps, though the Apple Watch itself is expected to remain unchanged. Apple is among the most popular stocks held by "average Joe" American investors.
2. U.S. dollar extends rebound from Fed-inspired losses
2. U.S. dollar extends rebound from Fed-inspired losses
The U.S. dollar continued to recover from five-month lows on Monday, as investors closed out bearish bets following an aggressive selloff late last week in wake of the Federal Reserve’s dovish statement.
The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, tacked on 0.2% to 95.27, moving away from Friday’s five-month low of 94.61.
3. Global market overview
3. Global market overview
Sentiment is cautiously positive Monday morning.
U.S. stock futures are edging higher, and European markets are up by about 0.5%.
The main Chinese stock market indexes jumped on Monday, though other Asian markets closed with mixed results. Japan markets were closed for a holiday.
4. Weekly market recap
4. Weekly market recap
The Dow Jones industrial average rose 2.3% last week to close at its highest level of 2016. This marks its fifth consecutive week of gains.
The S&P 500 and Nasdaq also rose over the course of the week.
