Around the Net
Apple Shares Slip
- The Wall Street Journal, Tuesday, April 17, 2012 10:40 AM
Apple's stock star may be heading down, which could have a deleterious effect on the market. The Cupertino giant's shares dropped 4.1% on Monday, extending their slide to a fifth consecutive day and sparking worries about whether the maker of iPads and iPhones may be headed for a bigger descent. Apple is now down 9.9% from its intraday peak of $644 hit on April 10, just shy of the 10% level that market watchers call a "correction." On Monday, Apple fell $25.10, to $580.13, in 4 p.m. Nasdaq Stock Market composite trading.
