Wall Street

Nasdaq set to open higher on positive forecasts from Apple, Amazon

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Reuters

By Aniruddha Ghosh and Shreyashi Sanyal (Reuters) -The Nasdaq index was set to open higher on Friday, as positive forecasts from Apple and Amazon indicated resilience in mega-cap companies to survive an economic downturn, with hopes of a less aggressive monetary policy boosting sentiment. Apple Inc shares rose 2.4% in premarket trading after the iPhone maker said parts shortages are easing and that demand for iPhones is unceasing despite consumers tightening other spending. Amazon.com Inc shot up 10.7% after it forecast a jump in third-quarter revenue from bigger fees from its Prime loyalty su…

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