Apple Under Pressure, Stock Gets Downgraded

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Apple stock dropped 2 percent in pre-market trading on Dec. 4, after being downgraded by HSBC analysts.

It was a rough day for stocks. At midday, Apple stock had dropped over 4 percent, the Dow plummeted 2.7 percent 700 points, the S&P fell 2.67 percent, and the Nasdaq plunged 3 percent.