Apple stock slides into earnings: why AAPL traders brace for a bumpier week
Apple shares fell 1.1% to $255.53 on Friday, putting its market cap near $3 trillion ahead of its Jan. 29 earnings report. Wall Street closed little changed before the Martin Luther King Jr. Day holiday, with the S&P 500 and Nasdaq each slipping about 0.1%. Traders expect increased volatility after Friday’s options expiration. Investors are watching Apple’s margins and iPhone demand amid rising component costs.