🔴 AAPL is trading 2.9% down today amid broad market sell-off and hot PPI data

AAPL is trading at $265.07 (-2.89%) amid a broad market sell-off driven by hotter-than-expected Producer Price Index (PPI) data signaling persistent inflation.

• Major indices are sharply lower, with the S&P 500 down 0.55%, the NASDAQ down 1.18%, and the Dow down 1.12% as PPI data dampens Fed rate cut expectations.
• The move aligns with broader tech sector weakness, including a 5% decline in Nvidia, with no company-specific news or announcements reported for Apple today.