Apple's stock just had its worst-performing day since MarchApple, along with the entire tech market, just took a hit.
What you need to know
Apple's stock sunk over eight percent on Thursday.
It was the worst-performing day since March.
Speculation points to a profit grab by investors.
Apple just had its worst day on the stock market since March of this year. Reported by CNBC, shares of Apple stock closed down 8.01% on Thursday, its worst day since it dropped 6.35% on March 20th earlier this year.
Apple's drop is joined by its tech peers. Microsoft closed down 6.19% and Facebook dropped 3.76%. While Alphabet, Netflix and Amazon were each down above 4%. The S&P 500 tech closed down 5.8%, its biggest one-day decline since June 11 when it fell 6.3%.
According to a report by Marketwatch, tech stocks led the DOW to a drop of more than 800 points. Chris Zaccarelli, chief investment officer for Independent Advisor Alliance, believes that the hit on tech stocks is due to a profit grab by investors.
"In the absence of a specific cat...
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Apple's stock just had its worst-performing day since March
