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Dow Surges 1.6% as Apple Shares Steady at $271 After Earnings Beat

Wall Street closed sharply higher with the Dow up 1.6%, fueled by solid PCE and GDP data alongside key earnings, keeping Apple in focus at $271.35 (+0.44%). Apple earlier beat Q2 estimates with EPS $2.01 versus $1.93 expected and revenue $111.2 billion against $108.92 billion consensus, while approving a massive $100 billion buyback—yet shares slipped ~1% initially after-hours amid mixed sector reactions. Other reports showed Atlassian and Twilio beating estimates for gains, while Roblox and Clorox weakened on guidance cuts, highlighting volatile post-earnings swings.

Category

Apple

Sentiment

Mixed

Event

Earnings report

Reading time

1 min