As earnings wind down and investors look ahead to a catalyst-starved near term, with volatility likely to be the order of the day in the market. Market momentum has stalled following the run-up seen since mid-June. Here's a recap of a few major headlines that hit the wire over the weekend, which could provide trading cues:
Apple Inc's (NASDAQ: AAPL) Chinese suppliers Luxshare Precision Industry and Foxconn have started test production of Apple Watches in Vietnam, according to
Electric vehicle start-up Lucid Group Inc. (NASDAQ: LCID), and Fisker Inc. (NYSE: FSR) announced quarterly earnings on Wednesday, drawing comparisons to industry leader Tesla Inc.
Electric vehicle stocks meandered to a mixed close in the week ending July 15 following a uniformly strong close in the previous week. Inflation worries roiled the broader market in the past week as the metric climbed to a fresh 40-year high in June. This in turn reignited worries regarding a string of aggressive rate hikes.