Apple Inc.'s AAPL shares jumped 3.6% after the company unveiled its $1,999 foldable iPhone Duo, marking the company's most significant iPhone design overhaul in years. Shares of homebuilder Lennar Corporation LEN fell 3.5% as mortgage rates moved above 7%, intensifying pressure on housing stocks. AT&T Inc.'s T shares rose 1.6% after CEO John Stankey questioned Apple's $1,999 foldable iPhone Duo, calling the technology "not new." Shares of Newmont Corporation NEM declined 2% on materials emerging as the biggest losing sector of the day. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.
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