Reply To: Cautious Investor — Market Weekly

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Truman
Participant

Apple Worldwide Developers Conference today, where it introduced Siri AI and other AI features for its products.

Investors seemed to be underwhelmed, as shares of Apple retreated during the presentation, which ended a short time ago.

AAPL had been up as much as 3.3% earlier today but has turned negative for the session.
AAPL 304.80, -2.54, -0.82%

That has curtailed some of the information technology sector’s (+1.9%) strength, but it hasn’t derailed its position as a relative and absolute strength leader thanks to the heady gains seen in many of the semiconductor stocks.