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March 8, 2021, 2:59 p.m. EST

Apple stock falls toward 3-month low with bear market now in sight, even as Dow rallies

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By Tomi Kilgore

Shares of Apple Inc. /zigman2/quotes/202934861/composite AAPL -1.32% sank 3.4% in afternoon trading Monday, putting them on track for the lowest close in more than three months, as large-capitalization technology stocks continue to pull back despite the rally in the broader stock market. Apple was leading just the five of 30 Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -0.16% components losing ground Monday, as the Dow soared 488 points, or 1.6%. Apple's stock, which is headed for the lowest close since Nov. 27, has now lost 18.1% since the Jan. 26 record close of $143.16. A close below $114.53 would put the stock in a bear market, which many define as a decline of 20% or more from a significant high. Separately, the 200-day moving average, which many chart watchers use as a dividing line between longer-term uptrends and downtrends, currently extends to $114.10; the last close below the 200-day was April 3, 2020. Apple's stock has shed 5.7% over the past three months, while the technology-heavy Nasdaq 100 /zigman2/quotes/210598364/realtime NDX -0.19% has given up 1.7% and the Dow has rallied 6.0%.

US : U.S.: Nasdaq
$ 131.24
-1.76 -1.32%
Volume: 91.25M
April 12, 2021 4:00p
P/E Ratio
Dividend Yield
Market Cap
$2232.73 billion
Rev. per Employee
US : Dow Jones Global
-55.20 -0.16%
Volume: 329.02M
April 12, 2021 5:08p
US : U.S.: Nasdaq
-25.70 -0.19%
Volume: 607,564
April 12, 2021 5:16p

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