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Benzinga
Benzinga
Business
Henry Khederian

Here's Why Apple And Microsoft Shares Are Rising Today

Apple Microsoft AAPL Microsoft Corporation

Shares of several companies in the broader technology space, including Apple Inc (NASDAQ:AAPL) and Microsoft Corporation (NASDAQ:MSFT), are trading higher as stocks rebound following Monday weakness after softer-than-expected US inflation data. A drop in yields has also helped lift the sector, though investors will await Wednesday’s Fed decision.

Apple and Microsoft shares may also be trading higher amid overall market strength following a lighter-than-expected U.S. PPI report. USA PPI month-over-month for Feb was 0.800% vs the 0.900% consensus estimate. The prior reading was 1.000%.

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