Why Apple Stock Is Sinking Today
What does SpaceX's upcoming IPO have to do with Apple stock?
Why Apple Stock Is Sinking Today
Overview
Apple (NASDAQ: AAPL) stock is moving lower in Tuesday's trading amid strong bearish action for the broader market. The company's share price was down 4.5% as of 12:55 p.m. ET. The S&P 500 was down 2% at the same point in the daily session, and the Nasdaq Composite had fallen 3.9%.
Apple's share price is under pressure today following some negative reactions to the company's recent developers conference. The market's wavering confidence in the artificial intelligence (AI) chip trade and nervousness ahead of SpaceX's IPO are also factoring into the sell-off.
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.
