{"id":117571,"date":"2020-09-04T20:10:51","date_gmt":"2020-09-04T20:10:51","guid":{"rendered":"https:\/\/appleinsider.com\/articles\/20\/09\/04\/apple-closes-above-2t-the-day-after-tech-industry-sell-off"},"modified":"2020-09-04T20:10:51","modified_gmt":"2020-09-04T20:10:51","slug":"apple-closes-above-2t-the-day-after-tech-industry-sell-off","status":"publish","type":"post","link":"https:\/\/sickgaming.net\/blog\/2020\/09\/04\/apple-closes-above-2t-the-day-after-tech-industry-sell-off\/","title":{"rendered":"Apple closes above $2T the day after tech industry sell-off"},"content":{"rendered":"
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Apple on Friday regained a market valuation above $2 trillion after briefly losing it Thursday in a large-scale tech industry stock sell-off. <\/p>\n

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The AAPL share price closed at $120.96 at end of trading, up 0.066% on the day. Apple’s stock price hit a low of $111.17 in intra-day trading on Sept. 4, representing a 7.44% bleed since trading began.\n<\/p>\n<\/div>\n

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Apple’s reclaiming of a $2 trillion valuation comes the day after it bled nearly $180 billion in market capitalization. On Thursday, Apple’s share price was down nearly 8% in intra-day trading amid a broad sell-off of tech stocks. It marked the worst day of trading for technology stocks since a coronavirus plunge<\/a> in March, in which Apple saw a 12.5% drop.\n<\/p>\n<\/div>\n

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According to MarketWatch<\/em>, Apple’s plunge was the worst<\/a> one-day loss in value for any company ever. Tech stocks led the self-off, and all three major indices showed major losses across other segments.\n<\/p>\n<\/div>\n

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The dip Thursday follows several months of steady growth for the Cupertino tech company and several quarters<\/a> of better-than-expected earnings. Apple became the first U.S. company to hit<\/a> a $2 trillion valuation on Aug. 19, 2020. Apple’s share price is still up nearly 113% since a coronavirus-sparked low on March 23.\n<\/p>\n<\/div>\n

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Apple’s current share price has been readjusted due to the recently completed four-for-one stock split<\/a> on Aug. 31. The split gave each shareholder three additional shares for every one held, each at 25% of their original value.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Apple on Friday regained a market valuation above $2 trillion after briefly losing it Thursday in a large-scale tech industry stock sell-off. The AAPL share price closed at $120.96 at end of trading, up 0.066% on the day. Apple’s stock price hit a low of $111.17 in intra-day trading on Sept. 4, representing a 7.44% […]<\/p>\n","protected":false},"author":2,"featured_media":117572,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[57],"tags":[],"class_list":["post-117571","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-apple-insider"],"_links":{"self":[{"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/posts\/117571","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/comments?post=117571"}],"version-history":[{"count":0,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/posts\/117571\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/media\/117572"}],"wp:attachment":[{"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/media?parent=117571"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/categories?post=117571"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sickgaming.net\/blog\/wp-json\/wp\/v2\/tags?post=117571"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}