Shares in the technology sector jumped, reversing the previous session's decline, as investors added risk following the signing of an interim deal by the U.S. and Iran to end fighting in the region.
Apple plans to raise prices on its products to offset the surging costs of memory and storage chips, Chief Executive Tim Cook said. Apple's next major product launch is likely to be in September when it releases the iPhone 18 lineup, expected to include a new foldable iPhone.
Accenture is making a $4 billion push into industrial cybersecurity, acquiring a majority stake in Dragos and buying two other security firms outright as businesses race to secure the physical systems that keep economies online.
Intel stock jumped after President Trump said Apple agreed to work with the company to design and build chips in the U.S., an endorsement of the once-mighty chip maker's turnaround plan.
Nvidia shares gained as the chip maker looked to highlight the growth of its hardware in Europe. While most of Nvidia's business is with huge U.S. technology companies, the company is hoping European customers will also spend big on its hardware.
