Shares of Apple Inc. AAPL, -1.26% have bounced sharply off its intraday low but was still trading lower, for a second-straight session, even as the rest of the technology sector has turned higher. Apple’s stock slipped 0.9% in midday trading, but pared earlier losses of as much as 2.9% at the intraday low of $122.23. On Tuesday, the tech behemoth’s stock closed down just 0.1% at $125.86, after being down 6.0% at the intraday low of $118.39. Meanwhile, the tech-heavy Nasdaq 100 NDX, +0.11% rose 0.3% on Wednesday, to reverse an earlier loss of as much as 1.7%; on Tuesday, the index pared an intraday loss of 3.5% to close down 0.2%. Apple’s stock was headed for a third straight loss, its sixth loss in seven sessions and ninth loss in 11 sessions. It has now shed 12.8% since closing at a record $143.16 on Jan. 26, while the Nasdaq 100 has lost 1.9% over the same time and the S&P 500 SPX, +0.82% has gained 1.6%.
View Article Origin Here
