Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Apple Stock Traded Lower on Monday

TheMotleyFool

0 0

Why Apple Stock Traded Lower on Monday: https://g.foolcdn.com/editorial/images/710340/apple-iphone-14-pro-iphone-14-pro-max-hero-220907.jpg

Shares of Apple (NASDAQ: AAPL) traded lower on Monday, slipping as much as 2.4%. When the market closed for the day, the stock was still down 2.2%.

The major market indexes were all lower today, which no doubt helped fuel the stock's decline. Another factor weighing on the tech giant was deteriorating conditions in China.

Numerous media reports suggest that the country is suffering its worst COVID-19 outbreak in months, with tens of thousands of new infections. This could further delay the availability of some of Apple's most popular iPhones during the important holiday season.

Source Fool.com

Like: 0

AAPL

Share