Stocks

Apple stock hit a record and briefly pushed Apple above a $5 trillion market cap as investors bet on iPhone Duo, Siri AI and a leaner AI strategy.

S&P 500 and Dow futures edged lower as oil and Treasury yields rose, while AI optimism kept the Nasdaq near record territory.

AI-linked giants now occupy much of the S&P 500’s largest positions, making the index increasingly sensitive to Nvidia, Big Tech and AI spending.

Qualcomm is acquiring PickNik, the company behind MoveIt, in a deal that could strengthen its push into robotics, edge AI and physical AI.

Circle stock rose nearly 2% after Binance invested $100M and signed a five-year USDC partnership that could expand stablecoin adoption.

Apple is pitching new Macs as lower-cost AI machines that can run large models locally, challenging cloud-heavy approaches from Nvidia and Microsoft.

Shopify stock jumped 7% after Meta’s Muse gained the ability to complete purchases through Shop Pay, putting Shopify at the center of agentic commerce.

The U.S. government’s 9.9% Intel stake is now worth about $52.8B after INTC surged to $121.78, creating an unrealized gain of nearly $44B.

The Nasdaq hit an intraday record as the S&P 500 and Dow rose, helped by AI optimism, falling oil prices and easing Treasury yields.