“Apple Inc.’s stock dropped 2.4% on Monday, to officially enter correction territory for the first time in 7 1/2 months,” Tomi Kilgore reports for MarketWatch.
“The blue-chip technology company’s stock closed 10.9% below the Feb. 23 record close of $133, and at the lowest since Jan. 30,” Kilgore reports. “Many view declines of up to 10% from a significant peak a pullback, and declines of at least 10% to up to 20% a correction.”
Kilgore reports, “The stock, which eased another 0.1% in after-hours trade, has lost 8.2% over the past three months, while the Dow Jones Industrial Average has slipped 2.4%.”
Read more in the full article here.
MacDailyNews Take: Bad Apple, reporting record Q3 results, bad Apple!
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