: Apple’s stock slides toward longest losing streak of the year


Apple Inc. shares AAPL, -1.73% were headed for their longest losing streak of of the year Monday, on track to log a fifth session in a row of declines. The stock was off 1.9% in afternoon trading Monday, pacing Dow Jones Industrial Average DJIA, +1.16% laggards. Shares of the consumer-electronics giant were on pace to fall for their fifth consecutive session, which would mark their longest losing streak since Dec. 20, 2022, according to Dow Jones Market Data. Off 9.1% over the current five-session span, Apple’s stock is on track for its largest five-day percentage decline since the period that ended Nov. 7, 2022, when it fell 9.4%. Apple delivered its latest quarterly results after Thursday’s closing bell, showing a third quarter in a row of revenue declines and hinting that performance could be similar in the current quarter.

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

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