Apple, FedEx, Lennar, and More

• 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. 

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