Apple stock opens ugly

“Apple shares fell sharply immediately after the open, falling briefly to around $275, down about 5.5% from Monday’s close of $291.16,” Matt Phillips reports for The Associated Press.

“Apple is nearly everybody’s favorite stock — and it exerts near planetary gravitational pull on the Nasdaq 100 — any wiggle in the stock’s trajectory attracts a lot of attention,” Phillips reports.

Phillips reports, “We haven’t seen any good explanation for the move yet.”

Full article here.

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