Market Shake-Up: Apple, FedEx, Lennar Lead Today’s Biggest Stock Moves

Wall Street's whiplash session puts mega-caps and transports in the spotlight—while traditional investors scramble for explanations.

Tech Titan Tumbles

Apple's supply chain whispers spark volatility—proving even giants stumble when component forecasts shift.

Logistics Landslide

FedEx delivers a reality check to e-commerce optimists as shipping volumes fail to match bullish projections.

Housing Heat Check

Lennar's swings expose the mortgage-rate fragility everyone pretends isn't lurking beneath housing market confidence.

Because nothing says 'stable investment' like watching billion-dollar companies bounce like meme coins on a caffeine rush.

Key Takeaways

• The Dow, S&P 500, and Nasdaq edged higher Friday afternoon, leaving them on track to close the week at new highs. 
• Shares of Apple climbed as the tech giant’s new iPhone 17 went on sale around the world.
• Lennar shares slid after the homebuilder posted quarterly results that missed analysts' estimates.

The Dow, S&P 500, and Nasdaq edged higher Friday afternoon, leaving them on track to close the week at new highs. 

Shares of Apple (AAPL) climbed as the tech giant’s new iPhone 17 went on sale around the world.

FedEx (FDX) shares also ROSE after the package delivery firm beat profit and sales estimates on higher domestic volumes.

Tesla (TSLA) shares ticked high after an upgrade from Baird, which pointed to the electric vehicle manufacturer's expansion of its artificial intelligence efforts.

Lennar (LEN) shares declined after the home builder missed earnings and revenue forecasts, pointing to weakness in the housing market.

Shares of DexCom (DXCM) continued to lose ground following an announcement this week that CEO Kevin Sayer is taking a temporary leave of absence from the glucose monitor maker.

Micron Technology (MU) shares fell as analysts at Wells Fargo warned of potential competition from Samsung, and said the chipmaker’s earnings report next week needs to show its supply is sold out for next year.

Oil futures slid, and Gold prices rose. The yield on the 10-year Treasury note was up. The U.S. dollar advanced against the euro and pound, but slid versus the yen. Most major cryptocurrencies traded lower.