US Indices Reach New Heights Ahead of Apple's Earnings Report

Major US stock indices continue to push higher, with the Nasdaq 100 leading the gains at 3.53%. The Russell 2000 and Dow Jones Industrial Average are also in positive territory, albeit with more modest increases of approximately 1.25% each.

After the market close, Tim Cook will present his final earnings report as CEO of Apple Inc. Analysts anticipate earnings per share (EPS) of $1.89, up from $1.57 in the same quarter last year. Revenue is projected to reach $108.85 billion, compared to $94.04 billion a year ago.

During Cook's tenure, Apple’s stock has surged by 2400%, with the company's market capitalization soaring from $350 billion to $5 trillion. Annual revenues have increased from $108 billion to over $400 billion. Apple has also been a pioneer in achieving significant market capitalization milestones, being the first company to reach $1 trillion, $2 trillion, $3 trillion, and $4 trillion.

As Cook prepares to step down, his leadership is widely recognized as transformative for the company.