S&P 500 extends rally as Apple hits new all-time record high

The S&P 500 climbed for a second consecutive day, lifted by easing U.S.-China trade tensions. Strong corporate earnings and a surge in Apple’s stock, driven by analysts’ optimism about rising iPhone demand, further fueled positive market sentiment.
Felice Maranz for Bloomberg News:
‎

Treasury Secretary Scott Bessent heads to Malaysia this week for a new round of US-China trade talks, signaling an effort by Washington to calm fears of a full-blown trade war. Separately, National Economic Council Director Kevin Hassett said he thinks the US government shutdown is likely to end some time this week.
The S&P 500 advanced 0.8%, with all sectors in the green, while the Nasdaq 100 rose 1.1% Monday. The start of earnings season has been a good one, according to Bank of America strategist Savita Subramanian.
“It’s still early, but headline stats are coming in strong,” with 76% of companies beating earnings-per-share estimates, ahead of the first-week average of 68% and last quarter’s 73%, she wrote in a note. Subramanian flagged big banks, which “posted beats across the board, and reiterated bullish themes” from the prior quarter, including consumer resilience, a strong deal pipeline, and regulatory tailwinds.

‎
MacDailyNews Note: Apple will release Q425 results on Thursday, October 30, 2025 after market close. As always, we’ll have the company’s results for you right around 4:30 p.m. PDT / 1:30 p.m. EDT on October 30th on our home page.
Apple’s conference call to discuss Q425 results and business updates is scheduled right after, on October 30, 2025 at 2:00 p.m. PT / 5:00 p.m. ET. It can be listened to live here and we will provide live notes, as usual.

‎
Please help support MacDailyNews — and enjoy subscriber-only articles, comments, chat, and more — by subscribing to our Substack: macdailynews.substack.com. Thank you!
Support MacDailyNews at no extra cost to you by using this link to shop at Amazon.
The post S&P 500 extends rally as Apple hits new all-time record high appeared first on MacDailyNews.