Jim Cramer discusses Apple post-WWDC keynote pullback

What happened: On June 6, Apple's stock pulled back following its Worldwide Developers Conference (WWDC) keynote, despite no major product announcements. Jim Cramer, on CNBC's Mad Money, noted Apple's 7% decline in June, making it one of the few big-cap stocks to retreat. He attributed this to rising component costs and a lack of significant news from the keynote.

Market impact: The pullback in Apple, traditionally a bellwether for the broader market, signals a potential shift in investor sentiment. Tech stocks, particularly hardware manufacturers, may face increased scrutiny due to rising costs and slowing growth. This could lead to a re-evaluation of tech sector valuations.

What to watch next: Apple's Q3 earnings, scheduled for July 28, will provide insight into the company's ability to navigate rising costs and maintain growth. Additionally, any updates on new product launches or services, such as the Apple Car or AR/VR initiatives, could drive the narrative. Lastly, monitor the broader market's reaction to tech stock performance, as it may indicate a shift in investor sentiment towards the sector.