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Apple shares reached an intraday record of $331 as China approved Apple Intelligence and investors weighed new on-device AI work against the stock’s elevated valuation. Key Points: AAPL reached $331 after gaining about 5% during Wednesday’s session. China cleared Apple Intelligence for local use wit

IBM shares plunged more than 20% in premarket trading on Tuesday, Jul. 14, after the company warned that second-quarter revenue of $17.2 billion will miss Wall Street estimates. IBM expects second-quarter revenue of $17.2 billion and adjusted earnings of $2.93 per share, both below analyst forecasts

Stock futures traded mixed early Tuesday after Brent crude's 9.6% surge on a renewed U.S. blockade of Iranian shipping rattled Wall Street ahead of bank earnings and inflation data. Key Points: Brent crude jumped 9.6% Monday, its biggest one-day gain since May 2020, after Washington reinstated its b

WD-40 Company shares jumped as much as 14.5% in overnight trading, outpacing many AI stocks after the lubricant maker beat second-quarter estimates and raised its full-year outlook. Key Points: WD-40 reported $195.1 million in quarterly sales, up 24.3% from a year earlier. Earnings reached $2.24 per

SpaceX will join the Nasdaq-100 before markets open on Jul. 7, forcing passive funds to buy billions in shares just weeks after the largest IPO on record. Key Points: SpaceX joins the Nasdaq-100 before the open on Jul. 7, the fastest index inclusion on record. J.P. Morgan estimates roughly $4.3 bill