Shares of Apple Inc. /zigman2/quotes/202934861/composite AAPL -1.96% slid 4.91% to $142.48 Thursday, on what proved to be an all-around grim trading session for the stock market, with the NASDAQ Composite Index /zigman2/quotes/210598365/realtime COMP -0.52% falling 2.84% to 10,737.51 and Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +0.45% falling 1.54% to 29,225.61. This was the stock's second consecutive day of losses. Apple Inc. closed $40.46 short of its 52-week high ($182.94), which the company reached on January 4th.
The stock underperformed when compared to some of its competitors Thursday, as Microsoft Corp. /zigman2/quotes/207732364/composite MSFT -0.04% fell 1.48% to $237.50, Alphabet Inc. Cl A /zigman2/quotes/202490156/lastsale GOOGL -1.02% fell 2.63% to $97.42, and International Business Machines Corp. /zigman2/quotes/203856914/composite IBM -0.26% fell 0.92% to $121.63. Trading volume (127.0 M) eclipsed its 50-day average volume of 78.2 M.