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Apple Is Set for Longest Run of Down Weeks Since May as Tech Stocks Drop

  • Recent weakness has come over concerns about inflation, rates
  • The stock has still outperformed the Nasdaq 100 this year
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Apple Inc. shares fell on Friday, with the iPhone maker suffering its longest weekly losing streak since May.

The stock fell 2.4%, ending at its lowest since November in a broad selloff of technology shares. It dropped 5.2% for the week, the fifth straight week of losses, declining more than 10% over that period. The Nasdaq 100 Index slid 2.1% and posted a weekly loss of 3.9%.