US Stock Market Move | Apple Inc. (AAPL.US) rose nearly 2% as Tim Cook took over as CEO, and the first foldable iPhone is about to be released.

On Tuesday, Apple Inc. (AAPL.US) rose nearly 2%, closing at $323.03. In news, John Ternus, the Senior Vice President of Hardware Engineering at Apple Inc., officially succeeded Tim Cook as the companys eighth CEO, with Cook transitioning to the role of Executive Chairman of the Board. The "Leadership" page on Apple Inc.'s official website was updated the same day. Apple Inc. previously announced that it will hold its largest product launch event of the year at its Cupertino headquarters on September 9 at 10:00 AM Pacific Time (1:00 AM Beijing Time the next day), which will be Ternuss first large-scale product launch as CEO. Apple Inc. is expected to introduce its first folding-screen iPhone, marking the most significant change in the design of the iPhone in nearly 20 years. Apple Inc. also plans to release the iPhone 18 Pro and Pro Max, featuring faster chips, improved battery life, and significant camera upgrades.