Wall Street was torn between opposite catalysts on Thursday morning.
The Dow Jones Industrial Average (DJINDICES: ^DJI) climbed 0.7% by 12:11 p.m
ET. The S&P 500 (SNPINDEX: ^GSPC) dropped 0.2% at the same time, while the Nasdaq Composite (NASDAQINDEX: ^IXIC) fell 0.8%. The culprit behind the confusion: Apple (NASDAQ: AAPL) is going one way while nearly everything else in tech is going the other.
Employment miss meets Middle East stalemate The iPhone maker jumped 4%, adding $182 billion in market capitalization. The company reportedly told its parts suppliers to prepare for a large-scale rollout of foldable iPhones this fall. The expected foldable unit count for 2026 is now 10 million, up from 7 to 8 million in earlier forecasts.