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https://www.barrons.com/articles/apple-shares-slide-on-rate-fears-51639690622
Updated Dec. 16, 2021 9:16 p.m. ET / Original Dec. 16, 2021 4:37 p.m. ET
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Apple shares gave backmost immoderate gains notched successful caller weeks arsenic the Federal Reserve’s awesome that involvement rates volition emergence spurred wide selling successful the exertion sector.
The Nasdaq Composite is disconnected 2.4% connected the day, portion Apple–which accounts for astir 10% of the worth of the index–has fallen 3.5%, underperforming some the broader marketplace and the remainder of the tech megacaps.
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