🔴 AAPL is trading 3.09% down today as strong jobs data delays Fed rate cut expectations

AAPL is trading at $267 (-3.09%) as a stronger-than-expected US jobs report pressures the tech sector and delays Federal Reserve rate cut expectations.

• The broader market is seeing a sharp decline, with the NASDAQ Composite down 1.57% and the S&P 500 off 0.98%.
• Yesterday's data showed 130k payrolls added with unemployment at 4.3%, leading markets to push rate cut forecasts to July 2026.
• The move appears macro-driven; a $70M acquisition of Severance IP is considered neutral and not a factor in today's price action.