Apple's Stock Surges 0.66% on $10.93B Volume Claims Third Spot in U.S. Equity Turnover

Apple Inc. (AAPL) closed higher by 0.66% on October 2, with a trading volume of $10.93 billion, ranking third among U.S. equities in daily turnover. The stock's performance was driven by renewed investor confidence in the company's product pipeline amid mixed market sentiment. Analysts noted that the recent earnings report highlighted sustained demand for premium services and a stable iPhone supply chain, offsetting macroeconomic uncertainties.

Strategic focus on AI integration across its ecosystem and potential regulatory developments in antitrust cases were cited as key near-term catalysts. Institutional buyers appeared to favor the stock as a defensive play, with options data showing increased put-call parity adjustments. However, short-term volatility remains elevated due to upcoming quarterly guidance expectations from key suppliers.

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