Research
HSBC Upgrades Apple to Buy From Hold, Adjusts Price Target to $366 From $260
Apple (AAPL) has an average rating of overweight and mean price target of $321.28, according to analysts polled by FactSet.
$AAPL
Apple Inc.
$AAPLNASDAQTechnology
375 stories mentioning Apple Inc.Updated 3d ago
Apple edged higher premarket among Wallstreetbets favorites as the Nasdaq Composite pulled back to a five-week low amid a broad tech selloff.
What's the latest news on Apple Inc.?
Sectors
Sector Update: Tech Stocks Fall Late Afternoon
Tech stocks were lower late Thursday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) falling 2.6% and the State Street SPDR S&P Semiconductor ETF (XSD) dropping 6.3%.The Philadelphia Semiconductor index shed 4.7%.In corporate news, Alphabet's (GOOGL) Google is months behind schedule on delivering its most powerful AI model -- Gemini 3.5 Pro -- due to its efforts to improve its capabilities, especially in coding, Bloomberg reported. Alphabet shares were down 4.4%.Taiwan Semiconductor Manufacturing (TSM) shares fell 3.2% despite the company's Q2 earnings and revenue surpassing analysts' consensus estimates. The company earmarked an additional $100 billion to increase its chipmaking capacity in the US, Bloomberg reported, citing a US official.Apple (AAPL) is readying a new iPad mini model with significant updates, including an OLED screen for the first time, Bloomberg reported. Apple shares rose 1.6%.Meta Platforms' (META) independent Oversight Board said Thursday that AI models from leading developers, including Meta, OpenAI, Anthropic, Alphabet's Google and DeepSeek, are more likely to refuse politically critical requests involving governments with restrictive free speech laws. Meta shares were down 2.7%.
$AAPL$GOOGL$META$TSM
Sectors
Sector Update: Tech Stocks Fall Thursday Afternoon
Tech stocks were lower Thursday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) falling 2.4% and the State Street SPDR S&P Semiconductor ETF (XSD) dropping 6%.The Philadelphia Semiconductor index shed 4.3%.In corporate news, Taiwan Semiconductor Manufacturing (TSM) shares fell 3.3% despite the company's Q2 earnings and revenue surpassing analysts' consensus estimates. Shares of STMicroelectronics (STM), Western Digital (WDC), and Seagate Technology (STX) were also down as part of a larger decline in the tech sector. STMicroelectronics shares fell 7.5%, Western Digital stock dropped more than 10%, and Seagate shed 9.3%.Apple (AAPL) is readying a new iPad mini model with significant updates, including an OLED screen for the first time, Bloomberg reported. Apple shares rose 1.4%.Alphabet (GOOGL) is likely to deliver strong Q2 results amid strength in its cloud business, while the tech giant may raise its capital expenditure outlook, BofA Securities said Thursday. Alphabet shares were 0.2% higher.
$AAPL$GOOGL$STM$STX$TSM$WDC
Wire
Apple's June iPhone, Total Revenue Expected In-Line With Forecasts Despite Challenging Backdrop, UBS Says
Apple's (AAPL) June iPhone and total company revenue were in-line with growth forecasts of 20% and 15%, respectively, despite a challenging supply chain and component backdrop, UBS said Wednesday in a note.The company is scheduled to report fiscal Q3 results on July 30.UBS expects total revenue, iPhone revenue, and diluted EPS to track its estimates of $107.8 billion, $53.3 billion, and $1.84, respectively.The iPhone gained market share in the June quarter because Apple was the only vendor that did not raise prices. As memory prices have increased, demand for higher-priced smartphones has outpaced demand for mid-range and low-end phones, partly due to memory allocation. However, UBS said the iPhone's market share gains have already been priced into the stock.Higher contract memory pricing should pressure June iPhone gross margin relative to the March quarter, though the impact should be modestly offset by the final batch of lower-cost memory inventory, the note added.UBS maintained a neutral rating on Apple with a price target of $296.Price: $330.33, Change: $+2.83, Percent Change: +0.86%
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Wire
Apple Prepares Major Overhaul to iPad Mini, Bloomberg Reports
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US Markets
Stocks Mostly Down Pre-Bell as Investors Await More Earnings, Retail Sales Data
US equity markets were mostly tracking in the red before the opening bell Thursday as traders await the latest round of earnings and the June retail sales report.The S&P 500 edged down 0.1% and the Nasdaq was off 0.5% in premarket activity, while the Dow Jones Industrial Average rose 0.2%. The three main indexes finished Wednesday trading higher for the second consecutive session.UnitedHealth (UNH), GE Aerospace (GE), Abbott Laboratories (ABT), Prologis (PLD), US Bancorp (USB), State Street (STT) and Citizens Financial (CFG) are expected to report their latest financial results before the bell, among others. Streaming giant Netflix (NFLX) posts its earnings after the markets close.Taiwan Semiconductor Manufacturing's (TSM) US-listed shares declined 3.9% pre-bell after the semiconductor manufacturer reported its second-quarter results. United Airlines (UAL) was down 2.3% as the air carrier flagged an additional $6 billion in fuel costs for 2026 amid rising oil prices.J.B. Hunt Transport Services (JBHT) jumped 6.4% as the transportation and logistics company's second-quarter results topped market estimates. Apple (AAPL) added 0.2% after finishing Wednesday with a 4% gain amid media reports that the iPhone maker has held talks with bankers in recent months about possible acquisitions of chip companies.Last month's retail sales report is out at 8:30 am ET.Government data showed Wednesday that producer prices unexpectedly dropped on a monthly basis in June amid a steep decline in the cost of energy products. Earlier in the week, an official report showed that consumer prices decreased last month for the first time in more than six years."While still nominally elevated at a dangerously high level, the relative improvement in inflation in June emboldens the more dovish argument that price pressures are already cooling and could retreat further into year-end as the lingering impact from tariffs falls off and energy prices potentially normalize amid -- still tentative -- but ongoing, US-Iran peace negotiations," Stifel said in a note Wednesday.US Treasury yields were up in premarket action, with the two-year rate increasing 3.2 basis points to 4.16% and the 10-year rate adding 2.8 basis points to 4.57%.Thursday's economic calendar also has the weekly jobless claims bulletin at 8:30 am, along with the Philadelphia Fed manufacturing index for July. The housing market index for the current month and the pending home sales index for June are both out at 10 am.Federal Reserve Vice Chair Philip Jefferson, Dallas Fed President Lorie Logan and Kansas City Fed President Jeffrey Schmid are all slated to speak on Thursday.Inflation is more likely to accelerate than cool given price pressures arising from an artificial intelligence boom and major supply shocks, Fed Governor Lisa Cook said Wednesday. Separately, New York Fed President John Williams said that inflation should ease in the next few quarters as energy prices retreat.West Texas Intermediate crude oil dipped less than 0.1% to $79.59 a barrel before the open, while Brent nudged down 0.3% to $84.72.The US Central Command said Wednesday its forces disabled an unladen oil tanker attempting to transit towards an Iranian port in the Arabian Gulf. The US resumed its naval blockade on Iranian ships and ports earlier this week.A spokesperson for Iran's top military command reportedly said Thursday that it will destroy key infrastructure in the Middle East if the US follows through on President Donald Trump's threat to attack power plants and bridges in the country in case a deal isn't finalized, CNBC reported.Gold decreased 0.3% to $4,039 per troy ounce, while bitcoin fell 1.1% to $64,176.
Dow JonesNasdaq CompositeS&P 500$AAPL$ABT$CFG$GE$JBHT$NFLX$PLD$STT$TSM$UAL$UNH$USB
US Markets
Update: Wall Street Extends Gains on Further Signs of Cooling Inflation
(Updates with market moves at the end of the day.)US equities rose Wednesday, driving major indexes higher for a second straight day as traders digested another softer-than-expected inflation report.The Nasdaq Composite closed 0.6% higher at 26,269.2, while the S&P 500 advanced 0.4% to 7,572.4. The Dow Jones Industrial Average added 0.3% to settle at 52,658.6. Among sectors, communication services saw the biggest gain, while utilities led the laggards.Technology giant Apple (AAPL) was the best performer on the Dow, up 4%. The iPhone maker has held talks with bankers in recent months about possible acquisitions of chip companies, The Information reported, citing unnamed sources.Other tech majors also advanced, with Alphabet's (GOOGL) class A shares, Amazon.com (AMZN), and Microsoft (MSFT) following Apple on the Dow as the top performers.In economic news, US producer prices unexpectedly dropped on a monthly basis in June amid a steep decline in the cost of energy products, official data showed."We expect to see another weak reading for the July (producer prices index), even though global oil prices have moved higher in the past week," Oxford Economics said in a note.On Tuesday, government data showed that US consumer prices decreased last month for the first time in more than six years amid lower energy costs."While still nominally elevated at a dangerously high level, the relative improvement in inflation in June emboldens the more dovish argument that price pressures are already cooling and could retreat further into year-end as the lingering impact from tariffs falls off and energy prices potentially normalize amid -- still tentative -- but ongoing, US-Iran peace negotiations," Stifel said in a note Wednesday.The probability that the Fed will leave its benchmark lending rate unchanged later this month rose to nearly 90% Wednesday from 84% Tuesday, according to the CME FedWatch tool.Inflation should ease in the next few quarters as energy prices are expected to trend back closer to where they were before the US-Iran war began, New York Fed President John Williams said.Inflation is more likely to accelerate than cool given price pressures arising from an artificial intelligence boom and major supply shocks, Federal Reserve Governor Lisa Cook said. Separately, New York Fed President John Williams said that inflation should ease in the next few quarters as energy prices retreat.West Texas Intermediate crude oil was up 1.2% at $80.29 a barrel in Wednesday late-afternoon trade, while Brent rose 1.3% to $85.80.The US military conducted fresh strikes on Iran on Wednesday as tensions flare over the Strait of Hormuz, the world's most important chokepoint for crude flows, the US Central Command said.US Treasury yields were lower, with the two-year rate down 5.2 basis points at 4.14% and the 10-year rate falling 3.2 basis points to 4.55%.In other company news, PayPal (PYPL) shares jumped 17%, the top gainer on the S&P 500, after Reuters reported that Stripe and Advent International have offered to acquire PayPal in a deal that would value the payments giant at more than $53 billion.Pentair (PNR) shares slid 15%, the worst performer on the S&P 500. The water treatment company late Tuesday reported preliminary second-quarter results below market estimates and lowered its full-year outlook amid headwinds related to its pool segment.Gold edged down 0.2% to $4,060.80 per troy ounce, while silver lost 1.6% to $58.17 per ounce.
Dow JonesNasdaq CompositeS&P 500$AAPL$AMZN$GOOGL$MSFT$PNR$PYPL
Sectors
Sector Update: Tech Stocks Fall Late Afternoon
Tech stocks were lower late Wednesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) falling 1.3% and the State Street SPDR S&P Semiconductor ETF (XSD) dropping 2.3%.The Philadelphia Semiconductor index shed 2.4%.In sector news, DeepSeek is planning a new fundraising round at a valuation of about 500 billion yuan ($74 billion) ahead of a potential listing on Shanghai's STAR Market, Reuters reported. According to the report, DeepSeek is looking to raise up to 50 billion yuan just weeks after the funding round in June. The startup has begun early discussions on a potential IPO, targeting an initial filing this year, although the plans remain subject to change, multiple reports said.In corporate news, Palantir (PLTR) Chief Technology Officer Shyam Sankar said China's latest AI models have been developed partly through the unauthorized use of technology created by AI companies in the US, Bloomberg reported Wednesday, citing his interview. He added that these Chinese open-source AI models are largely the result of "distillation attacks," the report said, adding that the technique refers to when developers use results from existing AI systems to train new models with similar capabilities at a lower cost. Palantir shares were up 0.3%.Nvidia (NVDA) has shipped only a limited number of H200 AI chips to China and Hong Kong despite the issuance of US export licenses, Under Secretary of Commerce for Industry and Security Jeffrey Kessler told a congressional hearing on Tuesday. Nvidia shares were down 0.2%.Microsoft (MSFT) is overhauling its cybersecurity business to capitalize on corporate demand for AI-powered security tools, The Information reported. Hayete Gallot, who took over the security business in February, has directed teams to build AI security products while cutting some traditional offerings and consolidating engineering teams, according to the report. Microsoft shares rose 2.9%.Apple (AAPL) has held talks with bankers in recent months about possible deals for chip companies, as it looks to enhance its efforts to build server chips for running AI, The Information reported. Apple shares climbed 3.7%.
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US Markets
Equity Markets Rise Intraday as Big Tech Gains
US benchmark equity indexes were higher intraday, aided by certain mega-cap technology stocks, as traders parsed the latest inflation data.The Nasdaq Composite was up 0.5% at 26,246.1 after midday Wednesday, while the S&P 500 advanced 0.3% to 7,568.2. The Dow Jones Industrial Average rose 0.2% to 52,620.4. Among sectors, communication services saw the biggest gain, while energy led the laggards.Tech giant Apple (AAPL) was the best performer on the Dow, up 4%. The iPhone maker has held talks with bankers in recent months about possible deals for chip companies, The Information reported, citing unnamed sources.Other tech majors Alphabet's (GOOGL) class A shares, Amazon.com (AMZN), and Microsoft (MSFT) followed Apple on the Dow as the top performers.In economic news, US producer prices unexpectedly dropped on a monthly basis in June amid a steep decline in the cost of energy products, official data showed."We expect to see another weak reading for the July (producer prices index), even though global oil prices have moved higher in the past week," Oxford Economics said in a note.On Tuesday, government data showed that US consumer prices decreased last month for the first time in more than six years amid lower energy costs."While still nominally elevated at a dangerously high level, the relative improvement in inflation in June emboldens the more dovish argument that price pressures are already cooling and could retreat further into year-end as the lingering impact from tariffs falls off and energy prices potentially normalize amid -- still tentative -- but ongoing, US-Iran peace negotiations," Stifel said in a note Wednesday.The probability that the Fed will leave its benchmark lending rate unchanged later this month rose to nearly 90% Wednesday from 84% Tuesday, according to the CME FedWatch tool.Inflation should ease in the next few quarters as energy prices are expected to trend back closer to where they were before the US-Iran war began, New York Fed President John Williams said.West Texas Intermediate crude oil was down 0.4% at $78.99 a barrel intraday, while Brent dropped 0.3% to $84.45.The US military conducted fresh strikes on Iran for 90 minutes, as tensions flare over the Strait of Hormuz, the world's most important chokepoint for crude flows, CNN reported Wednesday, citing the US Central Command.US Treasury yields were lower intraday, with the two-year rate down 6.1 basis points at 4.13% and the 10-year rate falling 3.8 basis points to 4.55%.In other company news, PayPal (PYPL) shares jumped 16%, the top gainer on the S&P 500, after Reuters reported that Stripe and Advent International have offered to acquire PayPal in a deal that would value the payments giant at more than $53 billion.Pentair (PNR) shares slid 15%, the worst performer on the S&P 500. The water treatment company late Tuesday reported preliminary second-quarter results below market estimates and lowered its full-year outlook amid headwinds related to its pool segment.Gold edged down 0.7% to $4,042.70 per troy ounce, while silver lost 3.2% to $57.22 per ounce.
Dow JonesNasdaq CompositeS&P 500$AAPL$AMZN$GOOGL$MSFT$PNR$PYPL
Sectors
Sector Update: Tech Stocks Decline in Afternoon Trading
Tech stocks were lower Wednesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) falling 1.6% and the State Street SPDR S&P Semiconductor ETF (XSD) dropping 2.6%.The Philadelphia Semiconductor index shed 2.9%.In sector news, DeepSeek is planning a new fundraising round at a valuation of about 500 billion yuan ($74 billion) ahead of a potential listing on Shanghai's STAR Market, Reuters reported. According to the report, DeepSeek is looking to raise up to 50 billion yuan just weeks after the funding round in June. The startup has begun early discussions on a potential IPO, targeting an initial filing this year, although the plans remain subject to change, multiple reports said.In corporate news, Apple (AAPL) has held talks with bankers in recent months about possible deals for chip companies, as it looks to enhance its efforts to build server chips for running AI, The Information reported. Apple shares rose 4.1%.Nvidia (NVDA) has shipped only a limited number of H200 AI chips to China and Hong Kong despite the issuance of US export licenses, Under Secretary of Commerce for Industry and Security Jeffrey Kessler told a congressional hearing on Tuesday. Nvidia shares were down 1.3%.ASML (ASML) reported Q2 earnings Wednesday of 7.58 euros ($8.66) per diluted share, up from 5.90 euros a year earlier but below the FactSet consensus analyst estimate of 8.59 euros. Second-quarter net sales were 9.33 billion euros, up from 7.69 billion euros a year ago but below the FactSet consensus of 10.44 billion euros. Separately, ASML is planning to raise prices for its chip production equipment, The Information reported. The price increase has elicited a pushback from chipmaker Taiwan Semiconductor Manufacturing (TSM), two of the sources told the news outlet. ASML shares were up 0.9%, and Taiwan Semiconductor was shedding 0.9%.
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Wire
Market Chatter: Apple Exploring Chip Company Acquisitions
Apple (AAPL) has held talks with bankers in recent months about possible deals for chip companies, as it looks to enhance its efforts to build server chips for running AI, The Information reported Wednesday, citing people familiar with the matter.The tech giant has also approached semiconductor startups to assess their interest in being acquired, the report said, citing the people.Apple didn't 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: $324.56, Change: $+9.70, Percent Change: +3.08%
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Asia Markets
Update: US Equity Futures Higher Pre-Bell Amid Inflation Data, Middle East Tensions
(Updates with economic data, recent oil price movement, world markets' overview and corporate stock movements.)US equity futures were edging slightly higher pre-bell Wednesday as traders considered the latest inflation data amid the continuing tensions in the Middle East.Dow Jones Industrial Average futures were 0.1% higher, S&P 500 futures were up 0.2%, and Nasdaq futures were 0.5% higher.The US seasonally adjusted consumer price index, a measure of inflation, fell by 0.4% in June, compared with expectations for a 0.1% decrease in a survey compiled by Bloomberg and following a 0.5% increase in May, government data showed.In a post on X, US Central Command said it started another wave of attacks against Iran at 6 am ET, aiming to "further degrade military capabilities Iranian forces have used to attack commercial shipping in the Strait of Hormuz."President Donald Trump reiterated in a post on Truth Social that the US was reinstating a "full" blockade, "but only on Ships coming to and from Iranian ports, or carrying anything have to do with Iranian cargo." Trump also backtracked from a threat to impose a 20% levy on cargo shipped through the Strait of Hormuz, saying that the Gulf States would invest in the US instead.Traders also digested the latest round of earnings with ASML (ASML) reporting higher Q2 earnings and sales, and Johnson & Johnson (JNJ) posted an increase in Q2 adjusted earnings and sales.Oil prices were higher, with front-month global benchmark North Sea Brent crude up 0.4% at $85.04 per barrel and US West Texas Intermediate crude 0.5% higher at $79.72 per barrel.The US Producer Price Index, released at 8:30 am ET, fell 0.3% in June following a 0.6% increase in May, compared with no change expected in a survey compiled by Bloomberg. The New York Federal Reserve's Empire State manufacturing index jumped to 15.6 in July from 5.7 in June, compared with expectations of a smaller increase to a reading of 9.2.Federal Reserve Chair Kevin Warsh will testify before the Senate Banking Committee at 10 am ET, following a similar presentation Tuesday before the House.Federal Reserve New York President John Williams, St. Louis President Alberto Musalem, and Governor Lisa Cook are slated to speak on Wednesday.In other world markets, Japan's Nikkei closed 1.5% higher, Hong Kong's Hang Seng ended 1.4% higher, and China's Shanghai Composite finished 0.3% lower. Meanwhile, the UK's FTSE 100 was flat, and Germany's DAX index was 0.6% lower in Europe's early afternoon session.In equities, ASML stock was up 3.2% after the company reported its Q2 financial results. Alibaba's (BABA) shares were 4.1% higher after a Bloomberg report cited a company spokesperson as saying that Apple (AAPL) would be integrating the Alibaba's Qwen AI into Chinese iPhones, iPads, and Mac operating systems. Merck (MRK) stock was up 2.3% after the company said the phase 3 trial of its therapy, Keytruda, met the primary endpoint of progression-free survival in patients with mismatch repair-deficient advanced or recurrent endometrial cancer.On the losing side, Johnson & Johnson shares fell 2.1% after the company posted its Q2 financial results.
Dow JonesNasdaq CompositeS&P 500$AAPL$ASML$BABA$JNJ$MRK
US Markets
Apple Price Hikes Could Hit Fiscal 2027 Results, KeyBanc Says in Downgrade
Apple's (AAPL) fiscal 2027 financial results could take a hit largely amid expectations of slowing product unit growth in the light of price hikes, KeyBanc Capital Markets said in a note e-mailed Tuesday.The technology giant recently increased prices for MacBooks and iPads amid surging memory and storage chip costs."With Apple raising prices for iPad and Mac, and broad expectations for price increases on iPhone, we think this will likely put the unit growth outlook in slowing/declining territory," KeyBanc analysts Brandon Nispel and John Vinh said in a note to clients. "We think (that) given the correlation of Apple users to services, as unit volumes slow, so will the growth in Apple's services business."The brokerage cut its fiscal 2027 net earnings expectations for the company to $9.08 a share from $9.30 and its revenue outlook to $502.48 billion from $502.62 billion. Wall Street is looking for $9.65 and $518.79 billion, respectively, according to the note.KeyBanc downgraded its rating on the Apple stock to underweight from sector weight, with a $250 price target.The company's shares were down 0.5% in Tuesday late-afternoon trade. The stock has jumped 16% so far this year."We see US carriers pulling back on device subsidies, slowing upgrade rates, and international likely needing to carry more weight, which gets difficult in a rising price environment where we think consensus iPhone growth of 8% in (2027) is too aggressive," Nispel and Vinh said.However, Apple's near-term numbers appear "fine," the analysts wrote."Consumers are generally savvy shoppers for these types of products, and we suspect some pull-in of demand in the (near term), though our concerns become the level of elasticity of demand given the broad range of price increases that Apple is pushing through the system to protect margins from higher costs," Nispel and Vinh wrote.The company is scheduled to report third-quarter results July 30.Price: $315.35, Change: $-1.96, Percent Change: -0.62%
$AAPL
US Markets
SK Hynix Shares Jump 14% in Nasdaq Debut
SK Hynix (SKHY, SKHYV) was rallying 14% on Friday as the South Korean chipmaker listed its American depositary shares on the Nasdaq in what will likely be the second-largest share sale in the US.SK Hynix opened trade at $170 and moved as high as $177, having priced its initial public offering of 177.9 million ADS at $149 apiece.Its US-listed shares were last trading at $169.68 under the symbol SKHYV, up 14% from the IPO price. The shares will switch to the SKHY ticker beginning Monday. Each ADS represents one-tenth of a common share of SK Hynix.The IPO, which would raise $26.51 billion, is expected to close on Tuesday, the company said. Last month, Space Exploration Technologies (SPCX) raised a record $85.7 billion in its IPO.SK Hynix's customers include some of the major technology names, such as Nvidia (NVDA) and Apple (AAPL), CNBC reported. The IPO was more than seven times oversubscribed, according to Bloomberg News.Baillie Gifford, Coatue Management and Situational Awareness Partners received approximately $5 billion in SK Hynix's ADRs, $2 billion short of their indicated maximum demand, Bloomberg News reported.The company's revenue for the quarter ended March 31 surged 198% annually to 52.576 trillion South Korean won ($34.51 billion) while earnings per share increased to 56,670 won from 11,411 won a year earlier.Price: $168.90, Change: $+19.90, Percent Change: +13.36%
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Wire
Market Chatter: PrismML Runs 27-Billion-Parameter AI Model on iPhone
Startup PrismML has gotten an artificial intelligence model running on an Apple (AAPL) iPhone 17 Pro that is larger than any previous mobile model, The Information reported Thursday, citing the company.PrismML compressed Qwen 3.6, an open-source large language model with 27 billion parameters from Alibaba (BABA), to less than 4 gigabytes from around 54, the report said.The model is capable of complex chat, reasoning, autonomous agents and software coding, and will be available for open-source download next week, according to the report.Apple has held meetings with PrismML about potential uses of its technology as part of the iPhone maker's broader search for acquisitions to expand on-device AI capabilities, The Information reported, citing people familiar with the talks.PrismML did not immediately respond 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: $314.60, Change: $+1.21, Percent Change: +0.38%
$AAPL$BABA
US Markets
Equity Futures Mostly Rise as Markets Assess Renewed Middle East Tensions
US equity markets were mostly pointing higher before the opening bell Thursday as traders weighed rising tensions between Washington and Iran.S&P 500 futures ticked up 0.1% and the Nasdaq rose 0.6% in premarket activity, while the Dow Jones Industrial Average edged down 0.2%. The Dow finished Wednesday trading with its sharpest single-day decline in four weeks. The S&P also closed lower, while the Nasdaq was up.The US Central Command said Wednesday its forces completed another round of strikes against Iran to "further degrade" its ability to attack commercial shipping through the Strait of Hormuz. The US struck Iran earlier in the week after Tehran attacked three tankers that crossed the crucial waterway.US President Donald Trump said Wednesday he was no longer interested in negotiating with Iran, saying he believed the recent memorandum of understanding signed between the two countries to end their war was over.West Texas Intermediate crude oil nudged 0.4% higher to $73.80 a barrel before the open Thursday, while Brent gained 0.5% to $78.41."The latest escalation in US-Iran military tensions this week raises new risks," ING Bank said in a report. "Vessels transiting the Strait of Hormuz remain well below pre-war levels, (and) recent developments show that safe passage of vessels is still an issue facing the market."On Wednesday, minutes from the Federal Reserve's June policy meeting showed that central bank officials held diverging views on the appropriate path of interest rates. At that meeting, the Federal Open Market Committee unanimously decided to maintain the policy rate steady for the fourth consecutive time.US Treasury yields were higher in premarket action Thursday, with the 10-year rate increasing 1.8 basis points to 4.59% and the two-year rate rising one basis point to 4.20%.Thursday's economic calendar has the weekly jobless claims bulletin at 8:30 am ET, followed by the existing home sales report for June at 10 am. New York Fed President John Williams is scheduled to speak at 9 am.Shares of Broadcom (AVGO) added 1.6% pre-bell after closing Wednesday with a 4.8% rise, as Apple (AAPL) confirmed the semiconductor manufacturer will produce chips to be used in the iPhone maker' products in a deal likely worth more than $30 billion.Nvidia (NVDA) inclined 0.1%, while Arista Networks (ANET) advanced 1.3%.PepsiCo (PEP) declined 1.3%, as the beverage and snacking giant reported its latest quarterly results early Thursday. Simply Good Foods (SMPL) also posts its earnings pre-bell, while WD-40 (WDFC) is slated to announce its results after the markets close.Gold rose 0.8% to $4,114 per troy ounce, while bitcoin traded up 1% at $62,784.
Dow JonesNasdaq CompositeS&P 500$AAPL$ANET$AVGO$NVDA$PEP$SMPL$WDFC
US Markets
Update: Dow Logs Worst Day in 4 Weeks Amid Renewed US-Iran Tensions
(Updates with market moves at the end of the day and latest developments.)The Dow Jones Industrial Average logged its sharpest single-day decline in four weeks in a mixed session on Wednesday, as oil prices rallied after President Donald Trump warned of additional attacks on Iran.The Dow fell 1.1% to 52,348.4, its biggest percentage fall since June 10. The S&P 500 declined 0.3% to 7,482.7, while the Nasdaq Composite edged up 0.2% to 25,870.7. Barring energy and technology, all sectors were in the red led by materials.West Texas Intermediate crude oil was up 5.1% at $74.01 per barrel in Wednesday late-afternoon trade, while Brent jumped 5.8% to $78.46.During a North Atlantic Treaty Organization summit in Turkey on Wednesday, Trump said the memorandum of understanding signed with Iran last month to end the war in the Middle East was "over."The US struck Iran on Tuesday after Tehran attacked three tankers that crossed the Strait of Hormuz. Iran's Islamic Revolutionary Guard Corps hit US military targets across Bahrain and Kuwait in retaliation to Washington's attacks, CNN reported.Trump warned of more attacks on Iran."We hit them very hard last night," Trump said in Turkey. "We'll probably hit them hard again tonight."A peace deal between the US and Iran is a key risk to watch in the second half of 2026 as energy prices may determine inflation expectations, Oxford Economics Chief Global Economist Ryan Sweet said in remarks emailed to."If the peace deal breaks, and it's too early to tell, it won't just raise oil prices; it would also increase pressure on (artificial intelligence) supply chains in Asia, force central banks to be hawkish, tighten financial conditions, and could shift the outcome of the US midterms," Sweet said. "The cascade runs fast."US Treasury yields were higher, with the two-year rate increasing 4.4 basis points to 4.21% and the 10-year rate adding 4.2 basis points to 4.57%.Federal Reserve officials held diverging views last month on the appropriate path of interest rates, minutes from the central bank's June policy meeting showed Wednesday. At that meeting, the Federal Open Market Committee unanimously decided to maintain the policy rate steady for the fourth consecutive time."The June minutes put the focus on an uncertain balance of risks," TD Economics said in a report. "Participants agreed on holding rates steady in June, but not on whether the next move is more likely to be up or down, making future meetings more 'live' and dependent on incoming data."The International Monetary Fund lowered global economic growth expectations for 2026 as the impact of the Middle East war will likely counter a boost from rising artificial intelligence adoption.In company news, Apple (AAPL) said Wednesday that Broadcom (AVGO) will produce chips to be used in the iPhone maker' products in a deal likely worth more than $30 billion. Shares of Apple rose 0.9%, among the biggest gainers on the Dow, while Broadcom advanced 4.8%.Nvidia (NVDA) shares advanced 3.7%, the best performer on the Dow.Alibaba Group (BABA), ByteDance, and DeepSeek could receive permission from China to purchase a limited volume of Nvidia H200 chips to offset a shortage due to increasing demand for artificial intelligence chips, The Information reported Wednesday, citing sources with knowledge of the matter.Moderna (MRNA) slumped 7.5%, the second-worst performer on the S&P 500.Major US biopharmaceutical companies' performance in the second half of the year is likely to be driven largely by fundamentals as the focus shifts away from economic factors, Morgan Stanley said in a note.Gold shed 1.7% to $4,087.30 per troy ounce, while silver lost 4.2% to $58.75 per ounce.
Dow JonesNasdaq CompositeS&P 500$AAPL$AVGO$BABA$MRNA$NVDA
Sectors
Sector Update: Tech Stocks Rise Late Afternoon
Tech stocks were higher late Wednesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) up 1% and the State Street SPDR S&P Semiconductor ETF (XSD) rising 2.3%.The Philadelphia Semiconductor index climbed 2.2%.In sector news, Jeff Bezos' Blue Origin is raising about $10 billion in its first external funding round, valuing the rocket company at about $130 billion, news outlets reported. The reports said Bezos is expected to invest $2 billion, while Coatue Management plans to contribute about $4 billion. The remaining $4 billion has attracted strong investor demand and is expected to come from several major investors, CNBC reported.In corporate news, Alibaba (BABA), ByteDance, and DeepSeek may receive permission from China to buy a limited volume of Nvidia (NVDA) H200 chips to offset a shortage due to increasing demand for AI chips, The Information reported. Nvidia shares rose 3.8%.Apple (AAPL) said Wednesday Broadcom (AVGO) will produce chips to be used in Apple's products in a deal likely worth more than $30 billion. Apple shares rose 1.1%, and Broadcom jumped 5.5%.Zillow (Z) and Rocket's (RKT) Redfin are headed to trial in August in the Federal Trade Commission's challenge to their apartment-listing partnership after the US District Court for the Eastern District of Virginia declined the government's request for an early ruling, Bloomberg reported. Zillow shares fell 1.9%, and Rocket shed 3.3%.Amazon.com-backed (AMZN) Anthropic's Claude Code was flagged by China's National Vulnerability Database over an alleged security "backdoor" risk in versions 2.1.91 through 2.1.196, Reuters reported. The agency advised users to uninstall the affected versions or upgrade to the latest release and urged organizations to strengthen network monitoring to help prevent unauthorized data transfers, the report said. Amazon shares were down 1.4%.
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US Markets
Update: Wall Street Falls Intraday as Trump Threatens to Hit Iran Again
(Updates with latest market prices and developments.)US stocks were lower intraday after President Donald Trump threatened additional attacks on Iran, sending oil prices sharply higher.The Dow Jones Industrial Average was down 1.2% at 52,311.4 after midday Wednesday, while the S&P 500 shed 0.4% to 7,473.7. The Nasdaq Composite edged down 0.1% to 25,784.6. Barring energy and technology, all sectors were in the red led by materials.West Texas Intermediate crude oil was up 5.9% at $74.59 per barrel intraday, while Brent jumped 6.5% to $78.99.During a North Atlantic Treaty Organization summit in Turkey on Wednesday, Trump said the memorandum of understanding signed with Iran last month to end the war in the Middle East was "over."The US struck Iran on Tuesday after Tehran attacked three tankers that crossed the Strait of Hormuz. Iran's Islamic Revolutionary Guard Corps hit US military targets across Bahrain and Kuwait in retaliation to Washington's attacks, CNN reported.Trump warned of more attacks on Iran."We hit them very hard last night," Trump said in Turkey. "We'll probably hit them hard again tonight.""The escalation threatens fragile negotiations aimed at securing a permanent peace, with both sides accusing the other of violating the ceasefire," Saxo Bank said in a report Wednesday. "Brent has moved back above $76, potentially triggering further short covering among hedge funds."US Treasury yields were higher intraday, with the two-year rate increasing 6.7 basis points to 4.23% and the 10-year rate adding 5.8 basis points to 4.59%.The Federal Reserve is scheduled to publish minutes of its June policy meeting at 2 pm ET, to be assessed for fresh insights on the central bank's monetary policy. At the meeting, policymakers kept their benchmark lending rate steady for a fourth consecutive time.The International Monetary Fund lowered global economic growth expectations for 2026 as the impact of the Middle East war will likely counter a boost from rising artificial intelligence adoption.In company news, Apple (AAPL) said Wednesday that Broadcom (AVGO) will produce chips to be used in the iPhone maker' products in a deal likely worth more than $30 billion. Shares of Apple were up 0.5%, among the biggest gainers on the Dow, while Broadcom advanced 5.9%, the second-best performer on the S&P 500.Moderna (MRNA) slumped 6.2%, the worst performer on the S&P 500.Major US biopharmaceutical companies' performance in the second half of the year is likely to be driven largely by fundamentals as the focus shifts away from economic factors, Morgan Stanley said in a note.Gold shed 2.5% to $4,066.8 per troy ounce, while silver lost 5% to $58.26 per ounce.
Dow JonesNasdaq CompositeS&P 500$AAPL$AVGO$MRNA
Sectors
Sector Update: Tech Stocks Rise Wednesday Afternoon
Tech stocks were higher Wednesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) up 1.1% and the State Street SPDR S&P Semiconductor ETF (XSD) rising 2.6%.The Philadelphia Semiconductor index climbed up 2.5%.In sector news, Jeff Bezos' Blue Origin is raising about $10 billion in its first external funding round, valuing the rocket company at about $130 billion, news outlets reported. The reports said Bezos is expected to invest $2 billion, while Coatue Management plans to contribute about $4 billion. The remaining $4 billion has attracted strong investor demand and is expected to come from several major investors, CNBC reported.In corporate news, Apple (AAPL) said Wednesday Broadcom (AVGO) will produce chips to be used in Apple's products in a deal likely worth more than $30 billion. Apple shares rose 1.1%, and Broadcom jumped 6%.Amazon.com-backed (AMZN) Anthropic's Claude Code was flagged by China's National Vulnerability Database over an alleged security "backdoor" risk in versions 2.1.91 through 2.1.196, Reuters reported. The agency advised users to uninstall the affected versions or upgrade to the latest release and urged organizations to strengthen network monitoring to help prevent unauthorized data transfers, the report said. Amazon shares were down 1.4%.Microsoft (MSFT)-backed OpenAI will launch its latest GPT-5.6 AI model on Thursday, the company said in a post on X late Tuesday. Microsoft shares were shedding 1.7%.
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