Technology
Apple stock has worst day since mid-March – CNBC
The drop comes after a massive rally among tech stocks.
Shares of Apple closed down 8.01% Thursday, the stock’s worst performing day since March 20 when it slipped 6.35%.
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%.
The drops come after a massive rally among tech stocks in recent weeks following strong second-quarter earnings reports.
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