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Major U.S. stock indices fell, led by tech shares, while consumer and pharmaceutical stocks bucked the trend to post gains. At the close, the Dow Jones Industrial Average fell 0.79% to 52,766.88; the Nasdaq Composite Index dropped 1.03% to 26,099.77; and the S&P 500 Index lost 0.71% to 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Apple Empire That John Ternus Inherits-by the Numbers","url":"https://stock-news.laohu8.com/highlight/detail?id=2664866987","media":"Dow Jones","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2664866987?lang=en_us&edition=fundamental","pubTime":"2026-09-02 03:50","pubTimestamp":1788292200,"startTime":"0","endTime":"0","summary":"Today is John Ternus's first day on the job at Apple. To mark the occasion, he created a profile on X, and within three hours of posting \"hello,\" he already had 300,000 followers.His instant stardom is largely a credit to his predecessors, who created the world's biggest device company. Steve Jobs built the company that defined how humans used computers for four decades. Tim Cook scaled it massively thanks to his supply-chain brilliance.So what is the company Ternus inherits?Apple's market capitalization sits at nearly $4.8 trillion, just below its late July peak. It is a massive number that translates to more than 30 times next year's expected profit, well over the earnings multiple of the broader S&P 500 index at 20 times. That is despite an earnings growth rate that is actually slower than the broader market's.Why the 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Update: Tech","url":"https://stock-news.laohu8.com/highlight/detail?id=2664866830","media":"MT Newswires Live","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2664866830?lang=en_us&edition=fundamental","pubTime":"2026-09-02 03:17","pubTimestamp":1788290245,"startTime":"0","endTime":"0","summary":"Tech stocks were lower late Tuesday afternoon, with the State Street Technology Select Sector SPDR ETF  falling 1.5% and the State Street SPDR S&P Semiconductor ETF  dropping 2.2%.The Philadelphia Semiconductor index shed 2.2%.In corporate news, Apple  is continuing to reshape its leadership ranks as John Ternus begins his tenure as chief executive officer, with longtime executive Luca Maestri stepping away from his corporate services responsibilities, Bloomberg reported. Maestri's duties, including information technology, information security and corporate real estate, have been assumed by Chief Financial Officer Kevan Parekh, according to Apple's updated management biographies, the report said. 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Largest Companies by Market Cap (August 2026): Nvidia Retains Top Spot, SpaceX Rebounds 32%, Semiconductor Sector Diverges","url":"https://stock-news.laohu8.com/highlight/detail?id=2664866364","media":"TradingKey","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2664866364?lang=en_us&edition=fundamental","pubTime":"2026-09-02 03:09","pubTimestamp":1788289773,"startTime":"0","endTime":"0","summary":"As of August 2026, Nvidia retained its top spot globally with a market capitalization of $5.32 trillion, closely followed by Apple, Microsoft, and Alphabet. The biggest change in the global market cap rankings in August was SpaceX, whose market cap rose to $1.89 trillion with a monthly gain of 32.59%, while Tesla, SK Hynix, and Micron Technology also recorded sizable gains. The Philadelphia Semiconductor Index rose 1.98% in August, staging a modest recovery from a sharp 20.61% correction in 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Chatter: Apple Reshapes Leadership as Maestri Steps Away From Corporate Role","url":"https://stock-news.laohu8.com/highlight/detail?id=2664586323","media":"MT Newswires Live","labels":["executive","express"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2664586323?lang=en_us&edition=fundamental","pubTime":"2026-09-02 01:58","pubTimestamp":1788285511,"startTime":"0","endTime":"0","summary":"Apple  is continuing to reshape its leadership ranks as John Ternus begins his tenure as chief executive officer, with longtime executive Luca Maestri stepping away from his corporate services responsibilities, Bloomberg reported Tuesday, citing people familiar with the situation.Maestri's duties, including information technology, information security and corporate real estate, have been assumed by Chief Financial Officer Kevan Parekh, according to Apple's updated management biographies, the report said.Chief Operating Officer Sabih Khan and services chief Eddy Cue are also taking on larger roles, while former marketing chief Phil Schiller is stepping down from his reduced role and Apple's updated leadership page no longer lists mergers and acquisitions chief Adrian Perica, according to the news outlet.Apple did not immediately respond to MT Newswires' request for comment.Price: 324.70, Change: +7.84, Percent Change: 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Gains as John Ternus Takes over as CEO","url":"https://stock-news.laohu8.com/highlight/detail?id=2664863339","media":"Reuters","labels":["executive"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2664863339?lang=en_us&edition=fundamental","pubTime":"2026-09-02 01:20","pubTimestamp":1788283209,"startTime":"0","endTime":"0","summary":"BUZZ-Apple gains as JohnTernus takes overas CEO** iPhone maker Apple'sAAPL.Oshares rise 2.8% to $325.70 after John Ternus takes over as CEO** Tim Cook, who was CEO from 2011, becomes co's executive chairman** Brokerage Rosenblatt raises AAPL PT to $303 from $300, representing a 4.4% downside to the stock's last close** \"We assume successful navigation of supply chain constraints, with price hikes and premium-priced products muting margin pressures,\" Rosenblatt says** 29 of 47 brokerages rate AAPL \"buy\" or higher, 14 \"hold\" and four \"sell\" or lower; median PT is $332.50 - data compiled by LSEG** Including session's moves, stock up 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and Consumers Looking for New Apple Products Under CEO Ternus","url":"https://stock-news.laohu8.com/highlight/detail?id=2664868077","media":"Dow Jones","labels":["productRelease"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2664868077?lang=en_us&edition=fundamental","pubTime":"2026-09-02 01:11","pubTimestamp":1788282660,"startTime":"0","endTime":"0","summary":"1311 ET - As Apple enters a new era under CEO John Ternus, new hardware will be the key to the next 5 years, according to D.A. Davidson in a note. Ternus is expected to unveil a foldable iPhone at Apple's launch event next week. That, coupled with recent price hikes across the company's portfolio, will likely drum up enough excitement and revenue to get Ternus' tenure off to a good start, analyst Gil Luria says. Looking ahead, though, investors and consumers will want more hardware innovations, such as a glass iPhone, AirPods with cameras and--potentially--smart glasses, he adds. \"At the same time, AI may be starting to drive a new opportunity for Apple as an orchestrator and harness for AI models,\" Luria 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