Apple Becomes the Dow's Worst Performer
- Stock loses more than $40 billion in market cap after earnings
- Apple's decline latest inclusion misstep for investors
Apple Sees 1st Quarterly Revenue Drop in More Than Decade
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Apple Inc.’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 at almost 6 percent, extended its loss since being added to the 120-year-old stock measure to 23 percent. That eclipses a 19 percent drop for American Express Co. since March 18, 2015.