Apple and other big U.S. companies reporting fatter profits than expected are helping Wall Street shave off more of its sharp losses from the start of the week on Friday. The S&P 500 was 0.4% higher in early trading.

Apple’s own brand of artificial-intelligence might be rolling out slowly but analysts are hailing early evidence that it is set to boost iPhone sales. “Apple Intelligence is clearly benefiting iPhone growth in regions/countries where it is available.