Nasdaq set for higher open after Apple results, inflation data

Published by
Reuters

By Devik Jain and Bansari Mayur Kamdar (Reuters) – The Nasdaq was set to open higher on Friday after stellar results from Apple Inc, while the latest reading of the Federal Reserve’s preferred gauge to measure inflation eased concerns around faster interest rate hikes. The iPhone maker gained 3% in premarket trading after posting record sales for its flagship phones in the holiday quarter. The core personal consumption expenditure price index, rose 0.5% for the month of December, in line with expectations. “It does look like the overall number was a little bit better than what the market was e…

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