US markets little changed although value stocks significantly outperformed their growth counterparts for a second consecutive session - Dow rose +74-points or +0.28% to extend its winning streak into a fifth consecutive session. The broader S&P500 inched +0.03% higher, Ford Motor Co fell -1.26%^ after ratings agency Moody's downgraded the auto maker’s credit rating to junk status, citing below-expectations profit margins and cash flow. The NASDAQ dipped -0.05%. Apple Inc rose +1.18% as it kicked off its annual fall product launch, where the company unveiled new iPhones, Apple Watches and an iPad, as well as new details about its subscription TV service Apple TV+ and Apple Arcade. Apple announced that Apple TV+ will launch in November and will be free for a year for customers who buy a Mac, iPhone or Apple TV. The announcement weighed on Netflix Inc (down -2.16%), Walt Disney Co (-2.19%) and Roku Inc (-10.49%). Facebook Inc (down 1.1%) and Amazon.com Inc (-0.60%) were also key drags on the Nasdaq. President Trump abruptly announced in a tweet overnight that he has asked national security adviser John Bolton to resign, noting that he "strongly disagreed with many" of Mr Bolton's suggestions "as did others in the administration."
