Why Apple Stock Jumped on Friday

Apple's stock saw a rise in early trading on Friday, largely due to its significant influence on the S&P 500, given its near $3 trillion market cap. Despite a decline in sales, dropping from $95 billion to $91 billion, primarily due to lower iPhone sales, Apple shared positive financial news including a robust cash flow and increased profit margins.

The company also announced a 4% dividend raise and a substantial new stock buyback program, nearly double its previous target. Additionally, Apple is set to reveal new products next week and will discuss growth plans at next month's developer conference, aiming to boost its services segment further.