Apple Shares Jump Over 3% Premarket on Q2 Beat and Strong Guidance
Apple shares jumped over 3% premarket after beating fiscal Q2 earnings and revenue estimates and raising current-quarter revenue guidance, lifting Dow futures by 210 points. Crude oil futures fell 2% for WTI and 0.5% for Brent following Iran’s response to U.S. peace-deal proposals.
1. Q2 Earnings and Guidance
Apple reported fiscal second-quarter earnings and revenue above consensus estimates and issued current-quarter revenue guidance that surpassed analyst forecasts, signaling stronger-than-expected demand.
2. Stock and Futures Movement
Following the results, Apple shares rose more than 3% in premarket trading, driving Dow Jones Industrial Average futures up 210 points as investors reacted to the positive outlook.
3. Oil Futures Decline
Crude oil futures tumbled, with WTI down 2% and Brent off 0.5%, after Iran submitted a response to proposed U.S. peace-deal changes, easing some geopolitical risk premiums.
4. Broader Market Context
The S&P 500 closed above 7,200 for the first time and capped its best month since 2020, as strong corporate earnings and hopes of reduced Middle East tensions underpinned equity gains.