Why Apple Shares Are Rising

Shares of companies in the broader technology space, including Apple Inc AAPL are trading higher amid a drop in yields, which has lifted growth stock valuations. Stocks across sectors have gained as investors weigh US unemployment data and recent corporate earnings.

The 10-year Treasury yield hit an intraday low of 1.507% Thursday morning before rising to around the 1.512% level. The 10-year note was volatile in September after the Federal Reserve spoke on winding down its ongoing asset purchasing program.

Apple designs a wide variety of consumer electronic devices, including smartphones (iPhone), tablets (iPad), PCs (Mac), smartwatches (Apple Watch), AirPods and TV boxes (Apple TV), among others. The iPhone makes up the majority of Apple's total revenue.

Apple has a 52-week high of $157.26 and a 52-week low of $107.32.