New highs for major indices. Tim Cooks last earnings release at Apple
US stocks are rallying, with the Nasdaq 100 leading gains at 3.53% and the Dow and Russell 2000 also higher, though by a smaller margin. The article highlights anticipation around Apple’s upcoming earnings report after the close, described as Tim Cook’s final earnings release at Apple. Consensus expectations call for EPS of $1.89 versus $1.57 a year ago, with revenue seen rising to $108.85 billion from $94.04 billion. The piece also underscores Apple’s long-term scale under Cook, noting the shares are up 2400% during his tenure and the company’s market cap has grown from $350 billion to $5 trillion, with annualized revenue now above $400 billion. Overall, the market tone is broadly risk-on for tech and large-cap equities, with Apple’s earnings seen as the key event that could influence sentiment in the tech-heavy Nasdaq.