Apple Stock Is Sinking Friday: What's Going On?
Apple Inc.(NASDAQ:AAPL) stock fell more than 7% in premarket trading Friday as investors locked in profits despite the company’s better-than-expected fiscal third-quarter results. The decline came even as Nasdaq futures rose 1.39% and S&P 500 futures gained 0.62%.
The stock is also testing its 50-day moving average after retreating from July highs.
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