Stock Market Today: ORCL Earnings Beat, AAPL Unveils Apple A.I., BA Tentatively Averts Strike

Published: Sep 08, 2024 Duration: 00:02:10 Category: Education

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welcome to the wrap I'm Diane King Hall here to take you through today's market action stocks regained some ground after last week's selloff the NASDAQ rallied 1.3% by the closing bell the Dow S&P 500 each gained 1.2% while the Russell added about a quarter of a percent all 11 sectors in the S&P 500 closed in the green consumer discretionary led the way with a 1.6% rally industrial is not far behind technology gained 1.4% turning to some stocks on the Move shares of oror up after hours after beating earnings expectations cloud services Revenue came in line at 2.2 billion Cloud Revenue jumped 21% from last year while Cloud infrastructure Revenue surged some 45% the company also announced Partnerships with Amazon web services and Google Cloud to bolster its strength in the industry another notable number remaining performance obligations are up 53% sticking with tech Apple intelligence will come to newer model iPhones as a free software update next month the big tech company will also include Apple intelligence for texting and photo capabilities in its iPhone 16 models along with new colors and better cameras the iPhone's a18 chip promises 30% more efficiency Apple also unveiled its series 10 watches and airpods Pro 2 which promises a hearing aid feature chairs of Apple finish slightly above the Flatline after the glow Time Event Sher of Boeing took off after reaching a tentative deal with the International Association of machinists the agreement prevents a strike of some 33,000 workers who helped build the company's planes Boeing agreed to a 25% wage bump over four years bolstering retirement benefits and reducing some health care costs Rank and file union members still have to vote on the deal tomorrow marks a quiet day on the economic calendar but after the closing bell we'll get earnings reports from Gamestop David Busters and pet Co that'll do it for the rap I'm Diane King Hall remember to tune in 247 to Schwab network.com

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