Oil rises 1% as Apple shares slide more than 9% after fiscal Q3 results
AI Market Summary
U.S. equities were modestly higher, but Apple fell over 9% after Q3 beats were overshadowed by below-consensus Q4 revenue guidance, weighing on mega-cap growth sentiment. Oil rose ~1% amid near-term supply-demand tightness, while gold and silver declined, reflecting weaker defensive demand. U.S. employment costs ran slightly hot versus expectations, adding a mild inflationary undertone to the macro backdrop.
Impact level
● Medium
Affected assets
NCSKAAPL2USD/USDT-9.35%
AI Insight · NCSKAAPL2USD/USDTAI Insight
● Neutral
Trade now
⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.
Crude oil rose 1% on Friday, reflecting near-term tightness in supply and demand. Apple reported fiscal third-quarter revenue of $109.42 billion and earnings of $2.02 per share, both above expectations. However, its fourth-quarter sales outlook of $111.7 billion to $113.7 billion came in below the $114.8 billion estimate, sending the stock down more than 9% on the day. The Dow, Nasdaq and S&P 500 ended slightly higher.
