Snap up some cheap AAPL stock while it’s tanking

Understanding what triggers markets to rise and fall is an arcane proposal, but The New York Times credited Tuesdays fall of tech stocks to a remark by U.S. Treasury Secretary Janet Yellen that interest rates will need to increase to head off inflation later in 2021.

That apparently triggered Google shares to decline 2.3%, Facebook to go down 2.3%, Amazon to decrease 2.7% and Netflix to drop 1.2%.
Time to buy AAPL stock?
The stock price has actually been on the rise just recently, so this is not a dramatic shift in Apples share rate. The last time Apple shares were at this level was April 6, 2021– just a month ago. That stated, it didnt get a boost after the business revealed surprisingly great financial results for the first quarter of 2021. The stock price is down over 5% ever since.

Apples stock cost decreased rather a bit.Perhaps nows the time to buy Photo: Cult of Mac

Its stock cost has gone up 930% because May 2, 2011.

The stock rate has actually been on the rise just recently, so this is not a remarkable shift in Apples share price. The stock rate is down over 5% given that then.

Still, anybody thinking about getting some APPL may think about the shares on sale. The company has actually been a strong long-term buy for lots of years. Its stock cost has gone up 930% since May 2, 2011.
Note: Cult of Mac is not an investment adviser. Consult your broker before making any purchases.

Shares of Apple dropped about 4% on Tuesday. Its part of a general drop in tech stocks amidst fears of an increase in rates of interest.
At one point during the day, the worth of each AAPL stock had actually dropped about $5.30. Thats a decline of about $88 billion in Apples market capitalization.