Apple Inc.

$AAPL

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278 stories mentioning Apple Inc.Updated just now

Apple edged higher premarket among Wallstreetbets favorites as the Nasdaq Composite pulled back to a five-week low amid a broad tech selloff.

Asia Markets90d ago

US Equity Futures Nudge Higher Pre-Bell After S&P 500, Nasdaq Reach New Closing Highs

US equity futures were higher pre-bell Friday after the S&P 500 and Nasdaq Composite reached new closing highs to close out April amid a continued impasse in the Middle East.Dow Jones Industrial Average futures were 0.4% higher, S&P 500 futures were up 0.3%, and Nasdaq futures were marginally higher.On Thursday, the S&P 500 rose 1% to close at 7,209.01, breaching the 7,200 mark for the first time, while Nasdaq increased 0.9% to close at 24,892.31, also a new closing record.US President Donald Trump has rejected Iran's latest offer, stating that the US naval blockade on the nation's ports will remain until the regime agrees to a deal that addresses US concerns about its nuclear program, according to an Axios report on Wednesday.Traders took note of the latest round of earnings, with energy majors Exxon Mobil (XOM) and Chevron (CVX) both reporting lower Q1 adjusted earnings but higher revenue.Oil prices were mixed, with front-month global benchmark North Sea Brent crude up 0.4% at $110.85 per barrel and US West Texas Intermediate crude 1.2% lower at $103.79 per barrel.The final Purchasing Managers' Manufacturing Index for April, due at 9:45 am ET, is seen coming in at 54.0, unchanged from its prior value, according to estimates compiled by Bloomberg.The April Institute for Supply Management's services index, due at 10 am ET, is projected at 53.2, versus 52.7 previously.In other world markets, Japan's Nikkei, Hong Kong's Hang Seng, China's Shanghai Composite, and Germany's DAX index were all closed due to public holidays. The UK's FTSE 100 was down 0.6% in Europe's early afternoon session.In equities, Roblox (RBLX) stock was down 24% after the company reported a wider Q1 loss and lower-than-expected revenue, as well as lowering its 2026 revenue outlook. Sandisk (SNDK) and Western Digital (WDC) shares dropped 4.6% and 8%, respectively, despite the companies posting fiscal Q3 earnings and revenue that surpassed analysts' consensus.On the winning side, Apple (AAPL) stock was up 3.6% after the company posted higher fiscal Q2 earnings and revenue that also beat analysts' estimates. Reddit (RDDT) shares were up 15% after the company reported higher Q1 earnings and revenue in addition to issuing better-than-expected Q2 revenue guidance.

Dow JonesNasdaq CompositeS&P 500$AAPL$CVX$RBLX$RDDT$SNDK$WDC$XOM

Sectors90d ago

Sector Update: Tech

Technology stocks were mixed pre-bell Friday, with the State Street Technology Select Sector SPDR Fund (XLK) up 0.3% and the State Street SPDR S&P Semiconductor ETF (XSD) 0.4% lower.Apple (AAPL) shares were up more than 3% after the company posted higher fiscal Q2 earnings and revenue. Apple also raised its quarterly dividend and approved a $100 billion share buyback program.

$AAPL

Research90d ago

Research Alert: CFRA Maintains Buy Opinion On Shares Of Apple Inc.

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We keep our 12-month target at $310, on P/E of about 32x our CY 27 view of $9.70, above historical/peers to reflect EPS upside from AI and foldables. After posting better than expected Mar-Q and Jun-Q guide, we lift our FY 26 EPS to $8.66 from $8.55 and FY 27 to $9.50 from $9.36. AAPL guided for Jun-Q revenue growth of 14%-17%, well ahead of our 9% view, despite supply constraints for Mac models and rising memory component costs. We like growth prospects tied to Apple Intelligence and emerging markets like India while the successful launch of the MacBook Neo at attractive price points demonstrates AAPL's ability to capture new customer segments (e.g., education and value-conscious consumers). Enterprise market traction and Services expansion are positives, including the Apple Business platform and ads in Apple Maps. While AAPL made the decision to abandon the "net cash neutral" target, a framework in place since 2018, we see buybacks remaining a priority while it also has more flexibility for investments.

$AAPL

US Markets90d ago

Stocks Mostly Up Pre-Bell as Investors Await More Corporate Earnings

The benchmark US stock measures were mostly pointing higher before the open Friday as investors await the week's final round of corporate earnings and track ongoing Middle East tensions, with no apparent signs of progress toward a peace deal between Washington and Tehran.The S&P 500 rose 0.1% and the Dow Jones Industrial Average added 0.2% in premarket activity, while the Nasdaq was off 0.1%. The indexes finished Thursday's trading session in the green, with the S&P 500 and Nasdaq logging new closing highs.Oil giants Exxon Mobil (XOM) and Chevron (CVX) are scheduled to release their latest quarterly results before the bell, along with Colgate-Palmolive (CL), Estee Lauder (EL), Moderna (MRNA), Magna International (MGA) and Newell Brands (NWL).Shares of Apple (AAPL) advanced 2.8% pre-bell as the iPhone maker's fiscal second-quarter results topped market estimates. Reddit (RDDT) climbed 16% after the social media platform recorded better-than-expected first-quarter results and issued an upbeat revenue outlook for the ongoing three-month period at the midpoint. Nvidia (NVDA) rebounded 0.4% following a 4.6% decline at the close of Thursday.President Donald Trump told reporters at the White House on Thursday that the US will maintain its naval blockade of Iranian ports, according to Bloomberg News. "Their economy is crashing, the blockade is incredible," Trump reportedly said. "So we'll see how long they hold out."Iran's new supreme leader, Mojtaba Khamenei, reportedly said Thursday that Iran will defend its nuclear and missile capabilities.West Texas Intermediate crude oil inclined 0.3% to $105.43 a barrel before the opening bell, while Brent increased 0.9% to $111.37.US economic growth fell short of Wall Street's expectations in the first quarter as spending slowed amid inflationary pressures, government data showed Thursday.Separate official data showed that inflation, as measured by the personal consumption expenditure price index, accelerated in March to the fastest pace since mid-2022 as the Middle East conflict sent energy prices soaring.Treasury yields were down in premarket action, with the two-year rate nudging 0.1 basis point lower to 3.88% and the 10-year rate decreasing 0.8 basis point to 4.38%.Friday's economic calendar has the final Purchasing Managers' manufacturing index for April at 9:45 am ET, followed by the Institute for Supply Management's manufacturing index for the same month at 10 am. The weekly Baker Hughes oil-and-gas rig count posts at 1 pm.Gold fell 1.1% to $4,578 per troy ounce, while bitcoin rose 1.1% to $77,248.

Dow JonesNasdaq CompositeS&P 500$AAPL$CL$CVX$EL$MGA$MRNA$NVDA$NWL$RDDT$XOM

Research91d ago

Research Alert: Aapl: Mar-q Beat Driven By Services And China; New Buyback Announced

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:AAPL posted Mar-Q revenue growth of 17% to $111.2B, beating the 15% forecast, with EPS of $2.01 (+22%) above $1.94 consensus. The iPhone 17 cycle demonstrated remarkable strength with revenue reaching a Mar-Q record of $57.0B (+22%), driven by extraordinary demand across all regions, particularly China (+28%). We believe the strong iPhone 17 replacement cycle is supported by both higher average selling prices and units, with solid performance across all geographic segments. Management highlighted exceptional demand for the iPhone 17 lineup as a key driver. Gross margin of 49.3% beat the 48.4% consensus, with Services continuing its impressive trajectory at $31B (+16%). AAPL announced a 4% dividend increase to $0.27 per share and a $100B share repurchase authorization. Although we are impressed by overall results, we think bigger catalysts will come at WWDC in June with AI Siri integration and September's hardware event unveiling the first foldable phone.

$AAPL

US Markets91d ago

Apple Beats Second-Quarter Views Amid iPhone Strength

Apple (AAPL) reported fiscal second-quarter results above Wall Street's estimates as iPhone revenue came in stronger than expected.Per-share earnings rose to $2.01 for the quarter ended March 28 from $1.65 a year earlier, compared with the FactSet-polled consensus of $1.95. Net sales climbed 17% to $111.18 billion, ahead of the Street's $109.46 billion view."Continued strong customer demand for our products and services once again helped us achieve a new all-time high for our installed base of active devices across all major product categories and geographic segments," Chief Financial Officer Kevan Parekh said in a statement.Sales for iPhone rallied to $56.99 billion from $46.84 billion in the year-earlier quarter. Analysts polled by FactSet had forecast $56.50 billion."IPhone achieved a March quarter revenue record, fueled by such extraordinary demand for the iPhone 17 lineup," Chief Executive Tim Cook said.Earlier this month, the technology giant announced that insider John Ternus will become CEO in September, replacing Cook, who is set to take on the executive chairman role.Wedbush Securities expected "strong results," saying Wall Street underestimates Apple's growth potential in 2026, ahead of its key artificial intelligence strategy launch at the Worldwide Developers Conference in June.IPad revenue rose to $6.91 billion from $6.40 billion, while Mac jumped to $8.40 billion from $7.95 billion, Apple said.Overall product sales advanced to $80.21 billion from $68.71 billion, while services increased to $30.98 billion from $26.65 billion. Consolidated revenue gained by double digits across every geographic segment year-over-year, Cook said.Shares edged 0.5% lower in after-hours trading.

$AAPL

Wire91d ago

Apple Fiscal Q2 Earnings, Revenue Rise

Apple (AAPL) reported fiscal Q2 earnings late Thursday of $2.01 per diluted share, up from $1.65 a year earlier.Analysts polled by FactSet expected $1.95.Revenue for the three months ended March 28 was $111.18 billion, up from $95.36 billion a year earlier.Analysts surveyed by FactSet expected $109.46 billion.The company raised its quarterly dividend to $0.27 per share from $0.26, payable May 14 to stockholders of record May 11.The company also authorized a stock buyback program to repurchase up to $100 billion of common shares.

$AAPL

Wire91d ago

Earnings Flash (AAPL) Apple Posts Fiscal Q2 EPS $2.01, vs. FactSet Est of $1.95

$AAPL

Wire91d ago

Market Chatter: Zuckerberg, Cook Not Exploring Seattle Seahawks Bid

Meta Platforms (META) CEO Mark Zuckerberg and Apple (AAPL) CEO Tim Cook are not pursuing a bid for the National Football League's Seattle Seahawks, Bloomberg reported on Thursday, citing company and industry sources.A Meta spokesperson said Zuckerberg is not making any investment or bid for the team, while a person familiar with Cook's plans denied his involvement, the report said.Meta and Apple did not immediately respond to requests for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $616.43, Change: $-52.69, Percent Change: -7.87%

$AAPL$META

US Markets91d ago

Equities Rise Intraday as Traders Track Earnings Reports; Oil Prices Pull Back

US benchmark equity indexes were higher intraday as investors digested the latest batch of corporate results, while oil prices turned lower.The Dow Jones Industrial Average was up 1.5% at 49,601.7 after midday Thursday, while the S&P 500 rose 0.7% to 7,187.1. The Nasdaq Composite climbed 0.5% to 24,800.9. Barring technology, all sectors were in the green, led by communication services' 3.5% jump.In company news, Caterpillar (CAT) shares surged 10% intraday, the best performer on the Dow and among the biggest gainers on the S&P 500. The heavy equipment manufacturer raised its full-year sales outlook as its first-quarter results exceeded market expectations.Eli Lilly (LLY) lifted its full-year outlook, while the drugmaker reported first-quarter results above market estimates. The stock was up 10%.Meta Platforms (META) shares plunged 9.2%, among the steepest declines on the S&P 500, as the Facebook parent raised its full-year capital expenditure guidance mainly due to higher component pricing.Microsoft (MSFT) shares were down 5.8%, the worst performer on the Dow, as the tech giant said its capital expenditures will be about $190 billion in 2026, while its fiscal third-quarter results topped market estimates.iPhone maker Apple (AAPL) is scheduled to release its quarterly earnings after the markets close.Oil prices pulled back after surging in the previous session, with Brent crude down 3.5% at $113.94 per barrel, having topped $126 earlier in the day. West Texas Intermediate fell 2.5% to $104.22.In economic news, US economic growth fell short of Wall Street's expectations in the first quarter as spending slowed amid inflationary pressures that economists said will likely keep consumers under pressure."The core of the economy remained solid in (the first quarter), driven by the (artificial intelligence) buildout and the tax cuts beginning to feed through," Oxford Economics Chief US Economist Michael Pearce said in remarks emailed to. "Those factors will continue to drive growth over the rest of the year, but the jump in energy prices will take some of the shine off what would otherwise have been a strong year for the economy."US inflation, as measured by the personal consumption expenditure price index, accelerated in March to the fastest pace since mid-2022 as the Middle East conflict sent energy prices soaring."Inflationary pressures continued to percolate," Ksenia Bushmeneva, economist at TD Economics, said in a report. "The situation around the energy crisis remains uncertain and gas prices are likely to remain elevated for some time."On Wednesday, the Fed kept its benchmark lending rate steady, saying the Iran war is fueling uncertainty around the US economic outlook.US Treasury yields were lower intraday, with the 10-year rate down 3.8 basis points at 4.40% and the two-year rate falling 6.9 basis points to 3.90%.Gold rose 1.3% at $4,620 per troy ounce, while silver advanced 2% to $73.51 per ounce.

Dow JonesNasdaq CompositeS&P 500$AAPL$CAT$LLY$META$MSFT

Asia Markets91d ago

Big Tech Earnings, Fed Rate Decision Lift US Equity Futures Pre-Bell

US equity futures were higher pre-bell Thursday as traders absorbed the latest round of financial results, including those of big tech, amid the Federal Open Market Committee maintaining its target rate.Dow Jones Industrial Average futures were 0.6% higher, S&P 500 futures were up 0.5%, and Nasdaq futures were 0.7% higher.Alphabet (GOOG, GOOGL), Amazon (AMZN), and Meta Platforms (META) all reported higher earnings and revenue for Q1, while Microsoft (MSFT) posted an increase in fiscal Q3 adjusted earnings and revenue. Apple (AAPL) is expected to publish its fiscal Q2 financial results after-market.The Federal Open Market Committee maintained the target range for its federal funds rate at 3.50% to 3.75%, as expected, but the level of dissent was reportedly the highest since 1992, with four officials dissenting.Oil prices were lower, with front-month global benchmark North Sea Brent crude down 0.7% at $109.72 per barrel and US West Texas Intermediate crude 1.2% lower at $106.61 per barrel.In other world markets, Japan's Nikkei closed 1.1% lower, Hong Kong's Hang Seng ended 1.3% lower, and China's Shanghai Composite finished 0.1% higher. Meanwhile, the UK's FTSE 100 was up 1.4%, and Germany's DAX index was 0.9% higher in Europe's early afternoon session.The March core personal consumption expenditures price index, the Federal Reserve's preferred inflation gauge, released at 8:30 am ET, gained 0.3%, lower than 0.4% in the prior month and meeting estimates compiled by Bloomberg.Initial jobless claims declined to 189,000 in the week ended April 25 from an upwardly revised 215,000 level in the previous week, compared with expectations for a decrease to 212,000. Q1 GDP growth was recorded at a 2.0% annual rate, compared with expectations for 2.3%.In equities, Alphabet and Amazon shares rose 7.3% and 3.4%, respectively, after the companies reported their Q1 financial results. Eli Lilly (LLY) stock was up 6.1% after the company posted Q1 non-GAAP earnings and revenue that surpassed analysts' consensus and boosted its full-year 2026 guidance.On the losing side, Meta Platforms shares were 8.4% lower, a day after the company said it raised its 2026 capital expenses outlook and reported a decline in its daily active users on a quarter-over-quarter basis. Stellantis (STLA) stock was down 2.6% after the company reported Q1 net revenue that fell short of analysts' estimates. Microsoft shares were down 0.9% despite the company posting a fiscal Q3 adjusted earnings and revenue beat.

Dow JonesNasdaq CompositeS&P 500$AAPL$AMZN$GOOG$GOOGL$LLY$META$MSFT$STLA

Japan91d ago

Big Tech Earnings, Fed Rate Decision Nudge US Equity Futures Higher Pre-Bell

Dow JonesNasdaq CompositeS&P 500$AAPL$AMZN$GOOG$GOOGL$META$MSFT

US Markets91d ago

Stocks Mostly Up Pre-Bell as Traders Digest Big Tech Earnings, Await Key Inflation Report

US equity markets were mostly pointing higher before the opening bell Thursday as investors digest the latest financial results from some of the biggest technology companies and await a key inflation report.The S&P 500 rose 0.1% and the Nasdaq added 0.2% in premarket activity, while the Dow Jones Industrial Average declined 0.2%. The indexes finished the previous trading session mixed.Shares of Meta Platforms (META) fell 8.8% pre-bell after the Facebook parent lifted its full-year capital expenditure guidance mainly due to higher component pricing, even though it reported stronger-than-expected first-quarter results. Microsoft (MSFT) decreased 1.8% as the tech giant said its capital expenditures will be about $190 billion in 2026, while its fiscal third-quarter results topped market estimates."It's crystal clear to us that the (artificial intelligence) revolution is accelerating at a warp speed pace with 2026 being an inflection point year for AI with hyperscalers now investing over $700 billion in (capital expenditures) in (2026) to capitalize on the opportunities in the space," Wedbush Securities said in a Thursday client note.Alphabet's (GOOG, GOOGL) class A and C shares climbed more than 6% each amid upbeat first-quarter results. Amazon (AMZN) inclined 2.5% as the e-commerce giant issued a strong second-quarter revenue outlook.iPhone maker Apple (AAPL) is scheduled to release its quarterly earnings after the markets close. Eli Lilly (LLY), Mastercard (MA), Caterpillar (CAT), Merck (MRK), Royal Caribbean Cruises (RCL) and Hershey (HSY) are slated to announce their results before the bell, among others.The personal income and outlays report for March is due to be released at 8:30 am ET. The report includes the personal consumption expenditure core price index, the Federal Reserve's preferred inflation metric.The central bank's Federal Open Market Committee left its benchmark interest rate unchanged on Wednesday as policymakers saw the Middle East conflict fueling uncertainty around the US economic outlook. In a post-meeting press conference, Jerome Powell said he will stay on as a Fed governor for an indefinite period after his term as Fed chief expires on May 15.The US Senate Banking Committee on Wednesday voted to advance Kevin Warsh's nomination as Fed chair to the Republican-controlled Senate.Treasury yields were down in premarket action, with the two-year rate retreating 3.2 basis points to 3.9% and the 10-year rate off 1.8 basis points to 4.4%.President Donald Trump is expected to receive a briefing on fresh potential military options against Iran on Thursday, Axios reported, citing two sources with knowledge. Trump recently told the news outlet that he will maintain the US naval blockade of Iranian ports until Tehran agrees to a nuclear deal.West Texas Intermediate crude oil slipped 0.2% to $106.62 a barrel before the open, while Brent decreased 1.6% to $116.20.Thursday's economic calendar also has the initial estimate report for the first-quarter gross domestic product at 8:30 am, along with the weekly jobless claims bulletin. The Chicago purchasing managers' index for April posts at 9:45 am.Gold rose 1.8% to $4,642 per troy ounce, while bitcoin moved 0.7% higher to $75,974.

Dow JonesNasdaq CompositeS&P 500$AAPL$AMZN$CAT$GOOG$GOOGL$HSY$LLY$MA$META$MRK$MSFT$RCL

Sectors92d ago

Sector Update: Tech Stocks Gain Late Afternoon

Tech stocks rose late Wednesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) up 0.5% and the State Street SPDR S&P Semiconductor ETF (XSD) gaining 4.4%.The Philadelphia Semiconductor index advanced 2.1%.In corporate news, Seagate Technology (STX) shares gained 10% a day after the company reported stronger-than-expected fiscal Q3 earnings and revenue and projected Q4 results above estimates.Spotify Technology (SPOT) shares rose 2.8% after Universal Music Group said it plans to sell half of its stake in the company.Silicon Motion Technology (SIMO) shares surged 43% a day after the company reported a jump in Q1 non-GAAP earnings and sales, topping market expectations.Apple (AAPL) is planning to integrate AI more deeply into the iPhone's camera app by introducing a new Siri mode in its upcoming iOS 27 update, Bloomberg reported. Apple shares eased 0.3%.

$AAPL$SIMO$SPOT$STX

Sectors92d ago

Sector Update: Tech

Tech stocks rose late Wednesday afternoon with the State Street Technology Select Sector SPDR ETF (XLK) up 0.5% and the State Street SPDR S&P Semiconductor ETF (XSD) gaining 4.4%.The Philadelphia Semiconductor index advanced 2.1%.In corporate news, Apple (AAPL) is planning to integrate AI more deeply into the iPhone's camera app by introducing a new Siri mode in its upcoming iOS 27 update, Bloomberg reported. The company's visual intelligence tool, which is currently linked to the camera control button, is expected to be embedded directly into the camera app, according to the report. Apple shares were down 0.3%.

$AAPL

Wire92d ago

Market Chatter: Apple Plans AI Push With Siri Camera Mode in iOS 27

Apple (AAPL) is planning to integrate artificial intelligence more deeply into the iPhone's camera app by introducing a new Siri mode in its upcoming iOS 27 update, Bloomberg reported Wednesday, citing people familiar with the matter.The company's visual intelligence tool, which is currently linked to the camera control button, is expected to be embedded directly into the camera app, according to the report.The changes are expected to be launched at Apple's Worldwide Developers Conference in June, the media outlet reported.Apple did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $270.01, Change: $-0.70, Percent Change: -0.26%

$AAPL

Wire93d ago

Market Chatter: Apple Plans Revamp of Built-in Photo Editing Features

Apple (AAPL) is planning a complete redesign of the built-in photo editing features for its products in a move to rely more on artificial intelligence-powered tools, Bloomberg reported Tuesday, citing sources familiar with the matter.The company is working on a new suite of tools that are powered by its Apple Intelligence platform for iOS 27, iPadOS 27, and macOS 27, which are set for release this fall, the sources told the media outlet.The new tools will permit users to extend, enhance, and reframe images using AI models that are on the device, with processing typically taking a few seconds, according to the report.With the move, Apple is aiming to better compete with Android devices, which have offered AI-photo editing capabilities for years, according to the report.Apple did not immediately reply to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $270.27, Change: $+2.65, Percent Change: +0.99%

$AAPL

Wire93d ago

Apple Likely to Post Slight Fiscal Q2 Upside, 'Solid' June Guidance, UBS Says

Apple (AAPL) is likely to post a slight upside to fiscal Q2 estimates driven by iPhone and Mac demand, with no upside to services segment revenue growth estimates due to muted App Store performance, UBS Securities said in a research note Monday.Management is also expected to issue a "solid" guidance for the June quarter as elevated memory prices and Apple's ability to secure sufficient supply of silicon is driving smartphone share gains for the iPhone, according to the note.The brokerage said it expects fiscal Q2 earnings per share of $1.94 on revenue of $109 billion, which already prices in the robust demand for Neo and Mac mini models. For fiscal Q3, UBS said it raised its EPS estimate to $1.70 from $1.59, and its revenue forecast to $102 billion from $98.1 billion. The company is due to report fiscal Q2 results on April 30.Demand for the Mac portfolio partly driven by initial success of the relatively lower-priced Neo as well as the mini model should drive incremental upside to forecasts, the brokerage said.UBS Securities boosted its price target to $287 per share from $280 and reiterated its neutral rating on the stock.Price: $269.62, Change: $+2.00, Percent Change: +0.75%

$AAPL

US Markets94d ago

Nasdaq, S&P 500 Reach New Peaks; Oil Rises

The Nasdaq Composite and the S&P 500 notched fresh record closing highs on Monday even as oil prices moved higher amid stalled peace talks between the US and Iran.The Nasdaq edged up 0.2% to 24,887.1, while the S&P 500 gained 0.1% to 7,173.9, recording their highest finish ever for a second consecutive session. The Dow Jones Industrial Average fell 0.1% to 49,167.8. Most sectors were in the red, led by consumer staples, while communication services paced the gainers.Brent crude was last up 2.5% at $107.95 per barrel, while West Texas Intermediate crude rose 1.8% to $96.08.Iran's Foreign Minister Seyed Abbas Araghchi visited Pakistan twice over the weekend, while President Donald Trump called off US officials' previously announced trip to Islamabad.Iran has submitted a new proposal to reopen the Strait of Hormuz that includes delaying nuclear negotiations, Axios reported, citing a US official and two other sources."The lack of progress (in peace talks) means the market is tightening every day, requiring oil prices to reprice at higher levels," ING Bank said in a note on Monday.Trump was scheduled to meet with top national security officials on Monday to discuss the new Iranian proposal, CNN reported."US stocks enter April's final week with cautiously optimistic momentum, driven by (artificial intelligence) earnings beats and resilient macro prints," Ivan Feinseth, chief market strategist of Tigress Financial Intelligence, said in a report e-mailed to. "However, heightened volatility looms ahead of the conclusion of the (Federal Open Market Committee) meeting on Wednesday, with expectations that the Fed will keep rates unchanged at (3.50% to 3.75%)."With the FOMC decision unlikely to surprise, the market is expected to focus on the policy statement and post-meeting remarks of Chair Jerome Powell, said David Doyle, head of economics at Macquarie Group."Given that elevated oil prices have persisted for nearly two months now, future guidance may shift somewhat," he said in a report e-mailed to. "This would be in contrast to March where there were limited changes made. Our view remains that the next policy move is likely to be a hike with the most likely timing in (the first half of 2027)."US Treasury yields were higher, with the 10-year rate up 3.1 basis points at 4.34% and the two-year rate rising 1.5 basis points to 3.81%.S&P 500 companies' quarterly earnings growth decelerated compared with figures from a week ago, but remained well ahead of expectations, Oppenheimer Asset Management's data showed Monday."The quarter appears to be off to a strong start," Oppenheimer Asset Management Chief Investment Strategist John Stoltzfus said, noting that earnings growth reported by 79% of the firms that have released their quarterly results exceeded analyst estimates.Technology giants Alphabet (GOOG, GOOGL), Apple (AAPL), Microsoft (MSFT), Amazon (AMZN) and Meta Platforms (META) are slated to release their latest financial results later this week.In company-specific news, Verizon Communications (VZ) lifted its full-year earnings outlook on Monday and reported a first-quarter bottom line above market estimates, while the telecommunications giant unexpectedly added postpaid phone subscribers in the three-month period. The company's shares rose 1.6%, the second-biggest gain on the Dow.Shares of Domino's Pizza (DPZ) tumbled 8.8%, the steepest decline on the S&P 500. The company reported weaker-than-expected first-quarter results on Monday, with the company's chief executive saying consumer uncertainty and inflation weighed on demand late in the quarter.Organon (OGN) shares surged nearly 17% after the healthcare company agreed to be acquired by Indian pharmaceutical firm Sun Pharmaceutical Industries in an all-cash deal with an enterprise value of about $11.75 billion.Gold was last down 1% at $4,694.80 per troy ounce, while silver shed 1.2% to $75.47 per ounce.

Dow JonesNasdaq CompositeS&P 500$AAPL$AMZN$DPZ$GOOG$GOOGL$META$MSFT$OGN$VZ

Wire94d ago

S&P 500 Companies' Quarterly Profit Growth Eases, But Remains Well Above Expectations, Oppenheimer Says

S&P 500 companies' quarterly earnings growth decelerated compared with figures from a week ago, but remained well ahead of expectations, Oppenheimer Asset Management's data showed Monday.Some 28% of companies in the benchmark equity index have reported results in the latest cycle, with earnings up about 25% from a year earlier and revenue growing 10%. Last week's report by the brokerage showed profit growth of 32% and sales increase of 13%, based on financials reported by 9% of the index constituents.Ahead of the reporting season, FactSet put expected earnings growth at 12.6% from a year earlier, according to Oppenheimer."The quarter appears to be off to a strong start," Oppenheimer Asset Management Chief Investment Strategist John Stoltzfus said, noting that earnings growth reported by 79% of the firms that have released their quarterly results exceeded analyst estimates.Among sectors, materials and technology outperformed in terms of earnings, with profit roughly doubling year over year. Tech led the chart for revenue growth, with a nearly 30% increase, followed by real estate's 14% jump.This week, a busier earnings calendar has 179 S&P companies releasing their quarterly financials, according to Oppenheimer. Among the big-cap companies reporting this week are five of the so-called Magnificent 7 stocks; Alphabet (GOOG, GOOGL), Apple (AAPL), Microsoft (MSFT), Amazon (AMZN) and Meta Platforms (META).Visa (V), Coca-Cola (KO), T-Mobile US (TMUS), and Eli Lilly (LLY) also report this week.On Friday, the S&P 500 and the Nasdaq Composite hit all-time peaks as tech stocks rallied, ahead of a second round of US-Iran peace talks. The two sides, however, didn't have direct negotiations in Pakistan over the weekend."Resolution to the conflict in our view persists as a potential negative overhang to market performance on a day-to-day basis tied to news flows from the front, developments in negotiations taking place and supply chain disruptions that carry inflation risks," Stoltzfus said. "That said, stocks are showing thus far an appreciation for fundamentals that matter to revenue and profit growth."Price: $349.73, Change: $+7.41, Percent Change: +2.16%

$AAPL$AMZN$GOOG$GOOL$KO$LLY$META$MSFT$TMUS$V

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