8legs: Cupertino, california, usa

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CNBC Daily Open: iPhone drove Apple's robust earnings — but investors weren't too enthused

Apple reported a 16% year‑over‑year revenue increase in its fiscal first quarter, driven by strong iPhone demand.
Investors reacted tepidly, with Apple shares rising only about 0.5% in extended trading.
Analysts noted Apple may still lag in artificial intelligence compared with peers like Meta.
Meta surged over 10% as AI investments lifted its results, contrasted with Microsoft's decline on cloud and spend concerns.
U.S. indexes mostly retreated, with the Nasdaq and S&P 500 slipping while the Dow rose.
Gold rebounded as a safe‑haven amid mixed market signals and oil rose on geopolitical assumptions.
Denmark welcomed constructive talks with the United States over Greenland's future.
U.S. trade deficit rose sharply in November, signaling ongoing economic pressures.
Norway's sovereign wealth fund posted a strong annual profit, driven by tech and banking rallies.
The CNBC Daily Open noted broader market context including a possible Fed chair decision and budget developments.

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