Apple stock suffers biggest 2-day selloff in 20 months

0
20

Shares of Apple Inc. AAPL, +3.19% sank 4.7% in afternoon trading Thursday, putting them on track to close at a seven-month low. After sinking 5.2% on Wednesday, the technology behemoth’s stock has now lost 9.6% in two days, the worst two-day performance since it dove 9.9% in the two days ended Sept. 3, 2020. Apple shares have been dragged lower, albeit somewhat belatedly, by the selloff in the broader stock market and technology sector in particular. The stock has now tumbled 20.1% since the end of March, while the tech-heavy Nasdaq Composite COMP, +3.82% has shed 21.5% and the Dow Jones Industrial Average DJIA, +1.47% has dropped 9.8%.

This article was originally published by Marketwatch.com. Read the original article here.

Previous articleBrett Arends’s ROI: Markets making you queasy? These simple, low-cost retirement portfolios are holding up well
Next articleLawrence A. Cunningham’s Quality Investing: Berkshire’s biggest shareholders could undermine Buffett’s legacy and all that makes the company unique

LEAVE A REPLY

Please enter your comment!
Please enter your name here