Apple’s stock rally gathered steam after the company posted earnings that beat expectations, driven by stronger iPhone demand and continued services growth. Investors also leaned into fresh AI optimism, pointing to resilience across global markets and steady shareholder returns. Still, the move faces headwinds from valuation concerns and uncertainty around long-term growth.
US markets moved sharply in opposite directions: the Dow slid over 150 points while the Nasdaq rose nearly 0.9% and the S&P 500 held steady gains. The shock came from Intel’s more-than-25% surge after strong earnings, fueled by AI data-center demand and a near-10% weekly run in semiconductors. Rising oil above $100 from Iran tensions weighed on industrials, while consumer sentiment stayed near record lows.
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