The stock market rebounded on Friday following stronger-than-expected business activity data, but major indexes still ended the week lower amid bond market volatility. Rising Treasury yields and ongoing tensions in the Middle East continued to weigh on investor sentiment.
Overall, S&P 500 and Nasdaq rose 0.4% to 7,674 and 26,180, respectively.
Chart of the Day
Here is the one-year chart of Apple (AAPL) as of August 4, 2026, when the stock was at $309.
Apple saw strong demand for its Mac lineup, even as supply constraints limit how much it can ship. Last quarter, Mac revenue jumped 29% year over year driven by the MacBook Neo and MacBook Pro. Management stated the MacBook Neo has been especially popular, attracting new customers around the world, while businesses are increasingly using Macs for AI because of their performance, lower cloud costs, privacy, and security.
However, Apple expects supply constraints to increase significantly in the next quarter and affect Mac, iPhone, and iPad, even though it expects high levels of iPhone demand to continue.
Overall, AAPL delivered 22% profit growth last quarter with revenue up 16%, both solid numbers.
AAPL is part of the Conservative Growth Portfolio.
