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Shares of the iPhone maker rose 0.3% in premarket trading on Tuesday, along with other high-growth stocks including Tesla (NASDAQ:TSLA) Inc, Microsoft Corp (NASDAQ:MSFT), Meta Platforms Inc and Amazon.com Inc (NASDAQ:AMZN).
Apple fell 2% and dragged U.S. stocks lower on Monday after a report that the company will slow hiring and spending growth next year.
Shares of Boeing (NYSE:BA) Co added 2.1% premarket on plans by private equity firm 777 Partners to buy up to 66 more Boeing 737 MAX jets.
As second-quarter earnings season officially kicked off, analysts now expect aggregate year-on-year S&P 500 second-quarter profit growth of 6%, down from the 6.8% estimate at the beginning of the quarter, according to Refinitiv data.
Johnson & Johnson (NYSE:JNJ) fell 0.4% after the drugmaker trimmed its full-year adjusted profit forecast on a stronger dollar.
IBM (NYSE:IBM) Corp, which reported after close on Monday, also warned of about $3.5 billion hit due to a stronger dollar. Its shares fell 5.8%.
Hasbro Inc (NASDAQ:HAS) posted a 10% rise in quarterly adjusted earnings, but shares of the toymaker fell 1.2%.
At 6:53 a.m. ET, Dow e-minis were up 198 points, or 0.64%, S&P 500 e-minis were up 32 points, or 0.83%, and Nasdaq 100 e-minis were up 101 points, or 0.85%.
