Apple’s Reign as World’s Top Stock at Risk From Bumpy 2024 Start
- Company has erased $177 billion in value so far this year
- Gap between Apple and Microsoft is less than $100 billion
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Apple Inc. just had its worst start to the year by one measure as investors react to mounting pressures on the company, putting its long-standing status as the world’s most valuable stock by market value in jeopardy.
Shares of the technology giant fell 0.4% Friday to close at about $181 after the New York Times reported that the Justice Department is closer to filing an antitrust case against the company. The decline notched the fifth consecutive negative day for Apple, its longest losing streak since October.