Apple margin forecast hits tech stocks as oil jumps on U.S. strike on Iran

Apple's disappointing margin forecast is pressuring tech stocks, while oil prices rise after a reported U.S. strike on Iran's Qeshm Island, as U.S. midterm voting begins. Markets face volatility across both sectors. Apple beat earnings expectations with EPS of $2.10 and revenue of $114.48 billion, but its 45-46% gross margin guidance, its lowest in nearly four years, overshadowed results. Crude prices accelerated gains overnight following the surprise attack, rebounding from Monday's sell-off. The Nasdaq-100 closed in correction territory Monday, over 10% below its October record high, with Asian chip stocks falling. Iran claims it will respond "forcefully" to the strikes, while analysts note a ceasefire could boost AI stocks more than earnings.