US Equities Hit Record Highs as Apple Earnings Fuel Tech Rally

US equities reached record highs with the S&P 500 advancing 0.7% to 7,262 and the Nasdaq 100 rising 1.1% to 27,743. Apple's strong Q2 earnings power the technology rally.

US equities reached all-time highs on Friday as Apple's blowout Q2 earnings drove a broad technology rally. The S&P 500 advanced 0.7% to 7,262, while the Nasdaq 100 rose 1.1% to 27,743 .

Apple's strong revenue and guidance sent the stock surging 5.1%, while software stocks like Atlassian, Twilio, and Reddit soared on earnings beats. In contrast, energy stocks declined as crude oil fell over 3%.

While Apple's report was a major positive, not all mega-cap earnings were strong. Amgen and Roblox posted significant declines, which might have tempered the broader market's enthusiasm.

Despite these mixed results, the overall sentiment remains positive, driven by solid earnings and strong market trends.

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