Goldman Sachs Shares Rise 2.5% on Strong Q1; Apple Jumps 4.5% with $22B iPhones Assembled in India

U.S. stock markets showed positive momentum with notable gains in major technology companies following favorable earnings reports and tariff developments. Goldman Sachs ($GS) reported a 2.5% increase in its stock price after exceeding analyst expectations in earnings per share (EPS), revenue, and equities sales and trading revenue. The firm also announced a $40 billion share buyback program. Apple ($AAPL) saw a 4.5% rise, bolstered by the launch of the iPhone 16e and a report indicating it topped global smartphone sales for Q1, with $22 billion worth of iPhones assembled in India. The overall market sentiment was further lifted by President Trump's recent tariff reprieve for the tech sector, which positively impacted stocks like Nvidia ($NVDA) and Dell ($DELL). However, some analysts noted that the initial enthusiasm surrounding the tariff relief has begun to wane, as future tariff expectations remain uncertain.