Here’s How Apple Stock Looks Near-Term, Longer-Term as Market Bear Cycle Continues

An Apple logo at a store in Shanghai on May 10, 2019. Hector Retamal/AFP via Getty Images

Apple Inc. was sliding almost 4 percent lower at one point on Thursday, in sympathy with the general markets, which saw the S&P 500 falling almost 2 percent.

The tech giant holds a 6.2 percent weighting in the S&P 500, which often causes the stock and the ETF to trade in tandem.