Apple Inc. (NASDAQ:AAPL) stock traded higher Monday as investors favored mega-cap technology stocks during a broader market decline. The stock gained about 1%, while the Nasdaq fell 1.37% and the S&P 500 lost 0.36%.
The stock’s gain during a weak market points to relative strength. Investors often favor liquid, index-heavy companies when broader risk appetite fades.
The relative strength comes as new industry data shows Apple weathering a sharp smartphone slowdown better than many rivals.
Southeast Asia Slump Highlights Market Divide
Southeast Asia smartphone shipments fell 15% year over year in the second quarter of 2026, Counterpoint Research said Monday. That marked the steepest decline since early 2023.
