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Stock Market Today, Oct. 16: Apple Edges Higher on iPhone Duo Preorder Surge

The Motley Fool·
Stock Market Today, Oct. 16: Apple Edges Higher on iPhone Duo Preorder Surge

Apple stock rose 0.43% to $343.46 on October 16, 2026, following strong demand for its new iPhone Duo foldable smartphone, which sold out within minutes with delivery dates pushed to late January. The broader market declined, with the S&P 500 down 1.09% and Nasdaq down 2.14%, as investors focused on AI-related debt pressure and semiconductor weakness.

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