Shares in the so-called Fab Five tech companies — Google (GOOG), Amazon (AMZN), Apple (AAPL), Netflix (NFLX) and Facebook (FB)n– all tumbled today as the markets opened in New York, raising fears about wider implications for the tech industry.
Following the biggest 4-day decline in AAPL stock since Jan 2014, the "no brainer" once-darling of the investing world has just officially entered a bear market, down 20% from its April record highs.
Corey Rosenbloom: Apple Inc. (NASDAQ:AAPL) declined with the technology sector and of course broader market recently, though shares instantly achieved – and rallied extremely powerfully from – a critical support target level which propelled shares
Apple shares fell by more than 4% on Friday, continuing a trend we've seen over the past few weeks.
Corey Rosenbloom: Apple Inc. (NASDAQ:AAPL) declined with the technology sector and of course broader market recently, though shares instantly achieved – and rallied extremely powerfully from – a critical support target level which propelled shares