US stocks moving higher as the clock ticks toward the close ...Middle East

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 2317.91

Apple will announce their earnings after the close:

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 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.

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%.

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.

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