Aapl Slides Into Correction Territory After Mixed Earnings Results As The Rest Of Market Dips

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.

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.

As for Apple, the company shared record financial results for the holiday quarter, but it did forecast reduced revenue for the current quarter, as many analysts previously predicted.