What's Going On With Apple Shares

Apple Inc AAPL shares are trading lower by 1.19% to $188.42 during Monday's session, depsite a lack of company-specific news for the session. The stock is potentially trading lower as investors await Wednesday’s inflation report. 

Apple has experienced a notable year-to-date increase in its trading value, with a growth of approximately 50.65%. This upward trend can be attributed to the sustained and significant interest in technology and AI-related stocks within the market.

Apple has been incorporating AI technology into its products and services, such as Siri voice assistant and machine learning algorithms for enhancing user experiences.

See Also: New iPhone 14 Ad Shows Its Life Saving Crash Detection In Action

As AI-related software becomes more popular, Apple's integration of AI technology can attract investors who recognize the company's commitment to innovation and its potential for continued growth.

What's Going On With Inflation Data?

The June CPI inflation report is eagerly anticipated as the most significant economic event of the week, with traders anxiously awaiting its release to gain insights into the Fed's future policy decisions.

Recent conflicting job market data has added to the uncertainty, with expectations of a rate hike in July, but doubts lingering regarding additional rate hikes later in the year. Currently, the market assigns probabilities of 22% for another rate rise in September and 34% in November...Read More

According to data from Benzinga Pro, Apple Inc has a 52-week high of $194.48 a 52-week low of $124.17.