The Dow Jones Industrial Average on Monday, trying to avoid a three-session skid, will need help from shares of Apple which has been the biggest drag over the past several sessions. Dow component Apple Inc.’s shares have fallen for four straight sessions and has knocked off more than 50 points from the blue-chips gauge over that period, exacting the biggest toll on the price-weighted benchmark of any of its 30 components, according to WSJ Market Data Group. Apple pared its earlier Monday morning drop, but is still off about 1.2%, or $1.84, and looking at falling below $150.05, which would mark its lowest level since Aug. 1. A $1 move in any one of the Dow’s components is equal to a 6.89-point swing in the average. In most recent trade, the Dow was trading off 44 points, or 0.3%, at 22,293, the S&P 500 index was down 8 points, or 0.3%, at around 2,494, while the Nasdaq Composite Index was down 0.9% at 6,368, as technology shares were under pressure from Apple’s stock decline. Apple’s retreat on Monday comes as Digitimes reported that Apple has told component suppliers to withhold part of the shipments of parts used in production of its iPhone X handset, citing sources from Taiwan-based upstream component suppliers.
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