STOCKS | Apple’s Correlation with Nasdaq 100 Hits Lowest Level Since 2006

Apple's 40-day correlation with the Nasdaq 100 Index fell to 0.21 last week, marking its lowest point since 2006. Bloomberg posted on X, highlighting this significant shift in Apple's stock behavior. The decline in correlation suggests that Apple's stock movements are increasingly independent of the broader tech-heavy index, which could have implications for investors and market analysts. This change comes amid various market dynamics and economic factors influencing tech stocks. Analysts are closely monitoring the situation to understand the potential impacts on investment strategies and market predictions.