Apple has once again proven its influence on Wall Street. According to CNBC’s Daily Open, a single successful iPhone launch can be powerful enough to ignite an entire market rally — and that’s exactly what’s happening right now.
iPhone 17 Sales Trigger Investor Confidence
CNBC reports that Apple’s iPhone 17 lineup is showing stronger-than-expected demand, especially for the Pro models. Early sales data and robust pre-orders in the U.S. and China have boosted investor sentiment, sending Apple shares to multi-week highs.
Analysts believe this momentum has spilled over into the broader tech market, lifting the Nasdaq and S&P 500, both of which rely heavily on the performance of major tech stocks like Apple.
Wall Street Bets Big on Apple
Apple’s rebound comes after months of lukewarm performance and regulatory scrutiny, but the new iPhone launch appears to have shifted the narrative. As CNBC noted, the iPhone’s strong showing reminds investors that Apple remains a reliable market mover — and when Apple rises, the market often follows.
Several analysts have already raised their price targets, citing stable demand, resilient supply chains, and improving margins from Apple’s high-end product mix.
Why It Matters
A strong Apple rally doesn’t just benefit shareholders — it often sets the tone for the entire market. With the tech giant driving optimism ahead of the holiday quarter, CNBC suggests this could mark the start of a sustained upward trend for the U.S. stock market.