Apple becomes Dow's biggest dog with $42 billion stock hit

Tech giant's 7.1 per cent drop is worst single-day decline since bull market began

27th April, 2016

Apple’s fourth post-earnings plunge of the last five quarters has handed the iPhone maker a distinction it could do without, making it the Dow Jones Industrial Average’s worst performer since it entered the gauge a year ago.

The decline in Apple, hovering just over 7 per cent, extended its loss since being added to the 120-year-old stock measure to 24 per cent. That eclipses a 19 per cent drop for American Express since March 18 2015.

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