US stocks edge higher with the Nasdaq (^IXIC) at a record as investors await revised jobs data and key inflation reports later this week. Apple (AAPL) headlines with its iPhone 17 launch event, unveiling a thinner “Air” model alongside new Apple Watches and AirPods, while analysts debate pricing and AI features. Oracle (ORCL) reports earnings after the bell, facing high expectations following a $30B cloud deal with OpenAI. GameStop (GME) also reports as it pursues its turnaround strategy. Meanwhile, investors brace for the Bureau of Labor Statistics' annual jobs revision, expected to show as many as 900,000 fewer jobs created between March 2024 and March 2025, a potential catalyst for Fed policy. In trending tickers, CoreWeave inks a $17.4B GPU capacity deal with Microsoft (MSFT), UnitedHealth (UNH) rallies on Medicare Advantage star ratings, and Nasdaq Inc. (NDAQ) invests $50M in Gemini’s upcoming crypto IPO.

Takeaways:

Apple launches iPhone 17 lineup, thinner Air model leads event

Oracle earnings test AI-fueled rally after OpenAI cloud deal

Jobs revision could show 600K–900K fewer positions, pressuring Fed

CoreWeave, UnitedHealth, and Nasdaq move on major deals and upgrades

Yahoo Finance's flagship show, Morning Brief, is your go-to source for smarter investing and market moves.

Thoughts? Questions? Fan mail? Please email us at [email protected].

Learn more about your ad choices. Visit megaphone.fm/adchoices