AAPL stock today has dipped into what some are calling a correction as the rest of the market is down in what may be the biggest stock selloff since 2016.
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The DJIA and S&P 500 have both dipped 3% lower today, while they are down around 2% at the time of this writing. AAPL is down over 4% percent today and as CNBC notes, is down over 10% from its January 18 high of $179.26, which Wall Street often considers a correction.
On the whole, investors currently have concerns about inflation which has increased interest rates.