Aptiv PLC is trading 4.1% down at $69.96 as the stock extends its pullback following a sharp multi-day rally and a six-session winning streak.
- Today’s weakness is driven by continued profit-taking from technically stretched levels after a period of significant outperformance.
- Broader U.S. indices are also under pressure as rising interest rate expectations weigh on growth-oriented equities.
- A general risk-off market tone is contributing to the downward pressure as investors rotate out of recent winners.