Apple’s stock turns lower after sharp pullback from record highs

Apple Inc.’s stock has turned lower in midday trade, following a sharp pullback in the broader stock market. Apple share had been up as much as 0.9% at an all-time intraday high of $142.80 soon after the open, but has trended lower since, to be down 0.3%. The earlier gains came in the wake of updates to the tech giant’s iPhone and iPad offerings. In comparison, the Dow Jones Industrial Average shed 154 points, or 0.7%, after being up 64 points earlier, while the Nasdaq Composite fell 1.1% after being up 0.4% earlier.

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From:: Stock Market News

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