“Tuesday was a good day turned sour for Apple,” Meghan Foley reports for Wall St. Cheat Sheet. “The world’s largest tech company was off as much as 1.5 percent in afternoon trading after climbing as much as 2.7 percent on Monday.”
“In the absence of major catalysts, the surge seemed to be a function of optimistic speculation that Apple would increase its dividend in celebration of the one-year anniversary of its reinstatement,” Foley reports.
Here are several reasons why Apple is trading in the red:
• Apple’s dividend hike is looking increasingly unlikely
• The Starting of the smart-watch war
• Apple’s trouble in the EU
Read more in the full article here.