Ticker: Key new features coming to Apple’s iOS 18; Wall Street drifts to a mixed close
Apple announced a slew of new features for iOS 18 at its developers’ conference, many of which are designed to enhance the Siri assistant and bring artificial intelligence tools to iPhone users.
The AI-packed updates coming in the fall are meant to enable the billions of people who use the company’s devices to get more done in less time, while also giving them access to creative tools that could liven things up. For instance, Apple will deploy AI to allow people to create emojis, dubbed “Genmojis” on the fly to fit the vibe they are trying to convey.
The full suite of upcoming AI features will only work on the recent iPhone 15 line because the functions require advanced processors. But there are still plenty of upgrades for all iPhone owners.
Wall Street drifts to a mixed close
Stocks drifted to a mixed close overall on Wall Street Tuesday, but the S&P 500 and Nasdaq composite still managed to notch more record highs.
The subdued trading came ahead of a key inflation report and the Federal Reserve’s latest interest rate policy decision on Wednesday.
The S&P 500 rose 14.53 points, or 0.3%, to 5,375.32, driven largely by gains in tech stocks, even though more stocks fell than rose within the index. The tech-heavy Nasdaq composite rose 151.02 points, or 0.9%, to 17,343.55. Both indexes set record highs for the second straight day.
Apple did the heavy lifting for the broader market. It surged 7.3% after highlighting its push into artificial intelligence technology.