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

Dow Jones2021-03-09

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

Shares of Apple Inc. $(AAPL)$ 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 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 has given up 1.7% and the Dow has rallied 6.0%.

-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com

$(END)$ Dow Jones Newswires

March 08, 2021 14:59 ET (19:59 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

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Comments

PG123
2021-03-09
PG123
Hope it rises
- PG123:
  Pls reply and like
Ericlam
2021-03-09
Ericlam
On my watch list
JFK
2021-03-09
JFK
Ok.
Alvin1975
2021-03-09
Alvin1975
Good.
NSHuat
2021-03-09
NSHuat
Buy on dip/correction. No way is apple going all the way down. Rebound in sight ahead of good news due to increased consumer spending
- Ericlam:
  Watching it

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Apple was leading just the five of 30 Dow Jones Industrial Average  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. 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No way is apple going all the way down. Rebound in sight ahead of good news due to increased consumer spending","listText":"Buy on dip/correction. No way is apple going all the way down. Rebound in sight ahead of good news due to increased consumer spending","text":"Buy on dip/correction. No way is apple going all the way down. Rebound in sight ahead of good news due to increased consumer spending","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/329620583","repostId":2118269171,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3746907,"gmtCreate":1615249884910,"gmtModify":1680779622523,"authorId":3559787818034959,"author":{"id":3559787818034959,"idStr":"3559787818034959","authorId":3559787818034959,"name":"Ericlam","avatar":"https://static.tigerbbs.com/f2154f4bb8afd22f8e6fde60b57acb69","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-3","templateUuid":"1026c425416b44e0aac28c11a0848493","name":" Tiger Idol","description":"Join the tiger community for 1500 days","bigImgUrl":"https://static.tigerbbs.com/8b40ae7da5bf081a1c84df14bf9e6367","smallImgUrl":"https://static.tigerbbs.com/f160eceddd7c284a8e1136557615cfad","grayImgUrl":"https://static.tigerbbs.com/11792805c468334a9b31c39f95a41c6a","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.09.15","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1001},"crmLevel":7,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":329620583,"type":1,"supId":0,"prevId":0,"content":"Watching it","text":"Watching it","html":"Watching it"}],"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":7,"commentSize":5,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.4","shortVersion":"4.29.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2118269171"}