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Stock Market Today (LIVE): Apple Shares Slide on Foldable iPhone Delay; Intel Joins Musk's Massive Terafab

Apple shares dropped 4% following reports that engineering hurdles may delay the company's first foldable iPhone. While competitors like Samsung have marketed foldables since 2019, Apple is reportedly struggling to finalize a durable design ahead of its critical production window. Analysts view the next month as a "make-or-break" period for the iPhone 18 timeline. With iPhones generating over half of Apple’s $143.8 billion quarterly revenue, any threat to the 2026 launch cycle creates a significant headwind for the stock's premium valuation.

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Stocks Rise, Oil Falls Amid Peace Talk: Stock Market Today

On April 1, 2026, U.S. stocks rose while crude oil prices fell, driven by hopes of de-escalation in the Middle East conflict following talks between the U.S. and Iran. President Trump claimed Iran’s President Masoud Pezeshkian requested a ceasefire, prompting cautious optimism about reopening the crucial Strait of Hormuz. Despite continued military exchanges, some analysts see rising probability for peace. West Texas Intermediate crude declined 1.9% to $99.44, though still significantly up since February’s conflict began.

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