Apple Inc.’s stock may have snapped a long losing streak this week, but that hasn’t stopped bears from selling, as it fell 0.8% in afternoon trade Thursday toward the lowest close since June 27, 2014. The stock is on track to suffer the 13th loss in 15 sessions–it has tumbled 17% during that stretch–since it closed at a four-month high of $112.10 on April 14. Included in that string of losses was an eight-session losing streak, the longest such stretch since the eight-day streak ending July 28, 1998. In comparison, the Dow Jones Industrial Average has lost about 287 points, or 1.6%, since April 14, while the Nasdaq 100 Index has shed 5.5%.
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From:: Stock Market News