Apple Will Announce Plans for Cash Hoard, Gamco Says

Apple Will Announce Plans for Cash Hoard, Gamco Says

Lam Yik Fei/Bloomberg

Apple Inc. fell 0.9 percent to $427.66 at 12:22 p.m. in New York. Before today, the stock had declined 19 percent this year, compared with an 8.8 percent increase in the S&P 500 Index.