Investors were pushing up Apple 's (NASDAQ: AAPL) share price this morning as they processed a new report that showed inflation slowed between March and April. Some investors may also be reacting to positive financial results from companies in the tech sector .
Apple's stock was up by 3.1% as of 11:36 a.m. ET.
The market was reacting positively to the news that the core personal-consumption expenditures index increased 4.9% in April, compared to a 5.2% increase in March. The drop indicates that inflation dipped slightly from the previous month.
For further details see:
Why Apple Stock Is Rising Today