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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InAmid escalating concerns over global supply chain stability, major technology stocks experienced significant sell-offs on Monday. Apple stock suffered its worst daily decline in over a year, falling 7.35% as component shortages weighed heavily on the company's sales forecast. According to reports, CEO Tim Cook confirmed that shortages, particularly in memory chips, will continue to limit production across the iPhone, Mac, and iPad lineups through the September quarter, dampening investor outlook on near-term guidance.
The downward momentum extended to the fintech sector, where Circle shares continued to slide ahead of their upcoming earnings report. The decline is attributed to a combination of regulatory headwinds, broader crypto market weakness, and analyst price target cuts. Per market data, this tech-led retreat is reflected across peers, with MSFT closing at $464.72 and META at $556.71 as of July 31, 2026, indicating a broader sectoral re-rating.
Investors are closely watching price action after AAPL closed at $308.91 on July 31, 2026, having tested a day low of $300. Looking ahead, the market will focus on upcoming catalysts including Japan's Consumer Confidence and France's GDP growth data on July 30. These macroeconomic indicators will be vital in assessing global consumer health and its subsequent impact on hardware demand.