Wall Street Ends Week Lower as Apple Unveils Foldable iPhone Duo

Price ActionMacroIndustry
โดย Seeking Alpha·US·Read original
Summary · why it matters

Wall Street closed the week lower as investors weighed a sharp rise in Treasury yields and fresh inflation data, with the benchmark 10-year yield climbing nearly 20 bps to 4.97% and CPI rising 0.4% month over month in August, in line with estimates and up from July's 0.1% gain. For the week, the blue-chip Dow fell 1.57%, the S&P 500 lost 0.80%, and the Nasdaq Composite handed back 0.66%. Apple formally unveiled the iPhone Duo, its first foldable smartphone, at its Sept. 9 product event, with a foldable display starting at $1,999 and availability scheduled for Oct. 23. Novartis shares fell about 14% on Tuesday after the company reported that del-desiran, an experimental drug designed to fight muscle-wasting disease, failed to meet the primary endpoint in a late-stage trial. Oracle shares jumped after the IT giant reported fiscal first-quarter results and guidance that beat Wall Street estimates, with revenue up 30% year over year and cloud revenue climbing 62% to $11.6B, driven largely by a 121% surge in infrastructure revenue. Quantum computing stocks Rigetti Computing, Quantum Computing, and Quantinuum rallied on Tuesday following a combined $300M CHIPS Act funding commitment from the U.S. Department of Commerce, under which the government will receive minority equity stakes in Rigetti and D-Wave.

Impact on stocks 16

Artificial Intelligence▲ · 4 stocks
Apple Inc.
AAPL
▲ PositiveTechnologyrelevance

Apple unveiled its first foldable smartphone, the iPhone Duo, at its Sept. 9 product event.

Quantum Computing▲ · 4 stocks
Rigetti Computing Inc
RGTI
▲ PositiveRegulationrelevance

Rigetti rallied on a $300M CHIPS Act funding commitment under which the government will receive a minority equity stake in Rigetti.

D-Wave Quantum Inc. Common Stock
QBTS
▲ PositiveRegulationrelevance

D-Wave is among the quantum computing firms benefiting from a $300M CHIPS Act funding commitment, with the government taking minority equity stakes in Rigetti and D-Wave.

Quantum Computing Inc
QUBT
▲ PositiveRegulationrelevance

Quantum Computing rallied after the U.S. Department of Commerce committed $300M in CHIPS Act funding to quantum computing firms.

Semiconductors▲ · 2 stocks
Biotech & Genomic Medicine▼ · 1 stocks
Novartis AG
NOVN
▼ NegativeTechnologyrelevance

Novartis shares fell about 14% after its experimental drug del-desiran failed to meet the primary endpoint in a late-stage trial.

Cloud & Digital Infrastructure▲ · 1 stocks
Oracle Corporation
ORCL
▲ PositiveCapitalrelevance

Oracle shares jumped after fiscal Q1 results and guidance beat estimates, with revenue up 30% and cloud revenue up 62%.

Aging Population▲ · 1 stocks
Consumer Discretionary▲ · 1 stocks
Spatial Computing / AR/VR▲ · 1 stocks
Others▲ · 1 stocks
© 2026 MarketDXNews