CNBC Daily Open: All you need for a rally is a good iPhone

Critics' displeasure astatine the iPhone 17 Pro's fluorescent orangish colour aside, Apple's "Cosmic Orange" smartphone has charmed fans — and investors.

The newest iPhone 17 series, which includes the basal iPhone 17 and its overachieving Pro and skinny Air siblings — that travel successful colors different than orange, to beryllium wide — has been outselling the erstwhile 1 successful the U.S. and China, according to Counterpoint data. In fact, the iPhone Air sold retired wrong minutes of going connected merchantability successful China, reported the South China Morning Post.

Shares of Apple popped astir 4% connected the quality and closed astatine an all-time high. That indispensable beryllium invited quality for CEO Tim Cook and investors, arsenic the banal has been 1 of the biggest laggards successful the Magnificent 7 group. That leap puts Apple's year-to-date gains astatine astir 5%, compared with Nvidia's 36% and Meta's 25%.

Another subordinate of the Mag 7, however, had a bumpy Monday. Amazon's unreality arm, Amazon Web Services, suffered an outage. Sites specified arsenic Reddit and Snapchat went dark, plunging millions, including yours truly, into existential crises. Shares of Amazon inactive accrued astir 1.6%.

U.S. markets besides roseate much broadly, with large indexes ending Monday successful the green. This week, investors volition beryllium keeping their oculus connected the U.S.' commercialized developments with China arsenic good arsenic net reports from companies specified arsenic Netflix, Tesla and Intel.

Trump calls for Ukraine to beryllium carved up with Russia aft tense gathering with Zelenskyy

U.S. President Donald Trump held a tense gathering with his Ukrainian counterpart Volodymyr Zelenskyy astatine the White House connected Friday, with the imaginable proviso of U.S. long-range cruise missiles, Tomahawks, connected the agenda.

Zelenskyy walked distant from the gathering not lone empty-handed, but seemingly upbraided by Trump, who said Ukraine should judge Russia's presumption for ending the warfare — by handing implicit the full eastbound territory of Donbas, the epicenter of ongoing warring successful Ukraine.

— Holly Ellyatt