Title: Apple's stock just had its worst-performing day since March Post by: HCK on September 04, 2020, 04:05:15 pm Apple's stock just had its worst-performing day since March
Apple, 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... Source: Apple's stock just had its worst-performing day since March (http://feedproxy.google.com/~r/TheIphoneBlog/~3/yl3_gporg2c/apples-stock-just-had-its-worst-performing-day-march) |