Apple's Stock Suffers Deepest Correction In Two Years

Apple Inc.'s stock slid 2.1% on Thursday to close at the lowest price since Jan. 27. Volume of 67.5 million shares was nearly 20% above the full-day average, according to FactSet. The technology giant's stock has lost 7.1% this month, and 15% since it closed at its Feb. 23 record of $133. The stock has now suffered the deepest price correction--a decline of at least 10% to up to 20% from a significant high--since the stock climbed out of its 2012-2013 bear market on Aug. 13, 2013.