'The meteoric stock-price rise that has propelled Apple Inc. AAPL -4.33% to become the world's most-valuable company is showing signs of faltering, threatening to drag much of the market down with it.
Apple's shares plunged 4.1% on Monday, extending their slide to a fifth consecutive day and sparking worries about whether the maker of iPads and iPhones may be headed for a bigger descent. Apple is now down 9.9% from its intraday peak of $644 hit on April 10, just shy of the 10% level that market watchers call a "correction." On Monday, Apple fell $25.10, to $580.13, in 4 p.m. Nasdaq Stock Market composite trading.
Apple Inc. chief Tim Cook speaks in March in the first product release following the death of Steve Jobs.
The past five days' decline has seen more than $50 billion shaved off Apple's market capitalization. That is more than Hewlett-Packard Co.'s HPQ -1.06% entire market cap of about $48 billion.
The slump has exposed just how large and influential Apple's stock has become. The shares have soared 43% this year, driving the company's market value briefly above $600 billion last week. After Monday's decline, its market value was about $541 billion. Moreover, Apple is the largest stock in the Nasdaq Composite Index and the Standard & Poor's 500-stock index. As Apple goes, so, too, do those indexes.'
as per title.
is it a sign?........
trillion dollar stock?
This post has been edited by Zanu Bob: 17 April 2012 - 09:38 AM