Apple shares fell 3.6% on Thursday to around $172.27 per share just before noon, after the Department of Justice filed a landmark antitrust lawsuit against the tech giant. But the iPhone maker's stock has already taken a hit this year.
Apple shares have fallen more than 10% so far this year on concerns about declining sales in China. That's a change from last year, when the iPhone maker's stock rose 49% as part of tech's favorite “Magnificent Seven,” which also includes Nvidia, Amazon, Microsoft, Alphabet, Meta Platforms and Tesla. , whose monster rally helped launch a powerful bull market. .
The drop in Apple shares has weighed on the Dow Jones Industrial Average, which includes 30 stocks of so-called blue-chip companies, including Apple.
Still, the Dow Jones has hit repeated all-time highs this year and is within striking distance of the 40,000 level milestone.
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