Key Takeaways Apple shares rose Friday morning after the company reported better-than-expected earnings and said customers are increasingly upgrading their iPhones to take advantage of AI features.The stock looks set to continue its upward momentum after finding support near the lower trendline of a rising wedge pattern.

Wall Street's main indexes rose on Friday, bolstered by gains in Apple following its optimistic sales forecast and an inflation gauge from the Fed that matched expectations, indicating stable borrowing costs.