On a day in which Apple’s market cap has dipped below that of Google, there are signals of who might be poised to take the helm of the iPhone maker. The New York Times is reporting that Apple SVP John Ternus could be waiting in the wings to take over for Tim Cook should he decide to retire as CEO.
Apple stock is currently down 1%.
The U.S. trade deficit has surprisingly sunk to its lowest threshold since 2009, to $29.4 billion, down 40% vs. September levels, owing to fewer imports, according to the Wall Street Journal citing the Commerce Department.
Economist Ed Yardeni predicts the Dow Jones Industrial Average, which is holding onto the 49,000 level, is on pace to cross 50,000 sooner than later, attaching an additional 70,000 target by 2030.
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The markets are posting a dizzying performance after clinching record highs earlier this week. Technology deals and AI advancements are bullish catalysts, but that sentiment is failing to show up in the three of the major stock market indices today, which are mixed out of the gate. Most of the sectors of the economy are trading in the green today with the exception of tech stocks, which are down 1%, weighed down by the likes of Nvidia (Nasdaq: NVDA | NVDA Price Prediction), Apple (Nasdaq: AAPL) and Broadcom (Nasdaq: AVGO).
Alphabet’s (Nasdaq: GOOGL) Google reportedly boasts over 3 billion users of its Gmail system, with plans to capitalize on that audience by integrating additional Gemini AI capabilities to the platform, including “upgrades like artificial intelligence-generated summaries of email threads,” per CNBC. At $3.9 trillion, Google’s market capitalization has now surpassed that of industry peer Apple (Nasdaq: AAPL), which is worth $3.8 trillion.
Here’s a look at where things stand as of morning trading:
Dow Jones Industrial Average: 49,020.30 Up 24.22 (+0.03)
Nasdaq Composite: 23,413.46 Down 169.8 (-0.70%)
S&P 500: 6,910.27 Down 10.65 (-0.15%)
China has made a 180 degree turn from recent warnings shots, now planning to greenlight certain H200 Nvidia (Nasdaq: NVDA) chip imports in early 2026, according to a Bloomberg report.
Cybersecurity firm CrowdStrike (Nasdaq: CRWD) is on the M&A path, revealing plans to scoop up identity management startup SGNL in a transaction reportedly valued at over $700 million.
Legacy chipmaker Intel (Nasdaq: INTC) is shaving 1.3% off its value today at just below $42 per share.
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Gerelyn Terzo is the author of dividend investing handbook "Dividend Investing Strategies: How to Have Your Cake & Eat It Too." A veteran financial journalist, she covers agri-finance for outlets like Global AgInvesting and the broader stock market and personal finance for 24/7 Wall Street. She began at CNBC and later helped launch Fox Business in New York. Gerelyn currently resides in Woodland Park, Colorado and dabbles in nature photography as a hobby.
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