From CNBC · Jeff Marks · · 1m 40s
Stocks climb for second day as Qnity lands Apple deal
Markets rise on solid earnings while Qnity expands iPhone production under Apple's American Manufacturing Program.
In brief
Markets rise on solid earnings while Qnity expands iPhone production under Apple's American Manufacturing Program. The S and P five hundred and Nasdaq posted back-to-back gains Tuesday as major companies beat earnings estimates, though Qnity's expanded Apple partnership signals stronger data center prospects than…
Markets post second straight gain
The S and P five hundred and Nasdaq rose Tuesday, poised for back-to-back days of gains. Most major companies beat earnings estimates and raised full-year guidance, though market reaction remained mixed.
Oil and rates swing on mixed signals
Crude rose early Tuesday then fell on hopes of progress toward a Middle East peace deal. The ten-year Treasury yield followed a similar path, inching higher before dropping on weak economic data.
Qnity expands iPhone production role
Apple announced an expanded partnership with Qnity Electronics through its American Manufacturing Program. Qnity will produce advanced films critical to the new variable aperture camera system in the iPhone eighteen Pro.
Qnity joined Apple's program in March
Qnity Electronics joined Apple's American Manufacturing Program back in March. A tighter partnership signals the relationship will likely hold with future iPhone generations.
Data center business outweighs iPhone gains
The Investing Club places greater emphasis on Qnity's fast-growing data center business than on consumer electronics, where rising memory prices and supply constraints create a less favorable outlook.
Capital One and others report after close
Capital One Financial reports earnings after the closing bell Tuesday.The Investing Club will focus on credit metrics and expenses as management integrates Discover and Brex.SpaceX, Netflix, United Airlines, Chubb and Intuitive Surgical also report.
At a glance
The S and P five hundred and Nasdaq posted back-to-back gains Tuesday as major companies beat earnings estimates, though Qnity's expanded Apple partnership signals stronger data center prospects than consumer electronics.
