Market Close: Stocks Higher, Apple Hits Record; United Warns on Jet Fuel • 7/15/26

Summary

CNBC's Jessica Ettinger recaps a positive session for stocks with the Dow, S&P 500, and Nasdaq all higher. Apple hit a record high after clearing a regulatory hurdle in China for its AI service. The update also covers United Airlines' cautious guidance on jet fuel, SpaceX's decline to a post-IPO low, and macro commentary on earnings, inflation, and market speculation.

• Stocks rose across the board with Apple leading the Dow up 150 points.
• Apple reached a record high after China approved Apple Intelligence on iPhones.
• United Airlines shares slipped in after-hours trading on jet fuel cost guidance.
• SpaceX fell to $135, its lowest since its Wall Street debut, as Steve Weiss called it a faith stock.
• Wholesale inflation pulled back but consumer inflation remains above the Fed's 2% target.
• Rich Greenstein warned the backdrop still calls for more inflation, not less.
• Warren Buffett said it is tough to find value when many are gambling.
• Jeremy Siegel questioned the sustainability of record profit margins given slow GDP growth.