AI
Friday, December 14, 2012 9:16:57 PM
AAPL broken down today
Technology shares saw the steepest decline among the S&P 500's 10 sectors as Apple--whose 3.9% weighting in the index is the largest of any component-- slumped 3.8%. The company's iPhone 5 launch in Beijing drew smaller crowds than similar events in the past, according to reports, and UBS analysts cut their forecasts for the company's earnings next year.
Technology shares saw the steepest decline among the S&P 500's 10 sectors as Apple--whose 3.9% weighting in the index is the largest of any component-- slumped 3.8%. The company's iPhone 5 launch in Beijing drew smaller crowds than similar events in the past, according to reports, and UBS analysts cut their forecasts for the company's earnings next year.
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