Apple stock jumps 3% on Houston Mac mini shift as tariff fog hangs over Wall Street
Apple shares rose 3% to $274.23 Tuesday morning after announcing some Mac mini production will shift to Houston later this year. The move coincided with a new 10% U.S. tariff on electronics and comes ahead of Apple’s annual shareholder meeting. The S&P 500 was little changed after falling 1% Monday on tariff and AI concerns. Mac mini sales account for less than 1% of Apple’s revenue.