Apple set to account for 70-point drop in Dow industrials on its own
Shares of Apple Inc. AAPL, +0.02% sank 3.3% in premarket trading, to pace the Dow Jones Industrial Average's DJIA, -0.09% decliners ahead of the open, in the wake of the technology behemoth's revenue warning over the weekend. The stock's implied price decline would shave about 73 points off the Dow's price, while Dow futures YMH20, -0.58% dropped 180 points. Apple's stock has run up 21.7% over the past three months through Friday, while the Dow has gained 4.9%.
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