The major stock indices are moving higher as the clock ticks toward the close.
Dow Industrial average is up 231.10 points or 0.60% at 44985.90S&P is up 37 points or 0.62% at 6077.11Nasdaq is up 78 points or 0.40% at 19711. Russell 2000 is up 34.78 points or 1.52% at 2317.91Apple will announce their earnings after the close:
Earnings Expectations:
Apple is expected to report EPS of $2.35 (up from $2.18 YoY). Up 7.79% Revenue of $124.26 billion (up from $119.5 billion YoY). Up 3.9%Revenue Breakdown:
iPhone Segment: Projected revenue of $71 billion (up from $69 billion YoY).Services Segment: Expected revenue of $26 billion (up from $23.1 billion YoY).Greater China Revenue: Estimated at $21.5 billion (up from $20.8 billion YoY).China Market Challenges:
China revenue dropped 8% in 2024 and 2% in 2023, with Apple citing currency weakness and lower iPhone/iPad sales.Upcoming Product Launches:
New entry-level iPhone SE, iPads, and MacBook Airs set to launch, expected to drive revenue growth.Stock Performance:
Apple's shares are up 24% YoY, comparable to Google’s 27% rise.Nvidia's stock is up 102% YoY, despite recent concerns about China's DeepSeek AI platform potentially reducing demand for AI chips.Shares of Microsoft are still down sharply after earnings after the close yesterday. Shares are down -6.01%.
Meta-, on the other hand is up 2.02% after the earnings announcement last night, while Tesla shares are up 3.98%.
Broadcom has rebounded after falling sharply on the Nvidia meltdown. It's shares are up 5.27% today.
Buyers of Nvidia are less enthusiastic. It's shares are down $-1.13 or -0.93% at $122.50
This article was written by Greg Michalowski at www.forexlive.com.Hence then, the article about us stocks moving higher as the clock ticks toward the close was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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