Apple’s Late-Day Plunge Stirs Speculation Over Who Was Selling
- Shares posted surprise drop in final minutes of Friday trading
- IPhone maker had been expected to benefit from index changes
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Friday was supposed to be a good day for the shares of Apple Inc., with the iPhone maker set to be a big winner from the quarterly adjustment of major stock indexes. And for most of the session, that’s how it played out — until about 10 minutes before the closing bell.
By the time it rang, Apple had sunk more than 2% from its intraday high to close in the red, a surprise reversal that has left market watchers guessing who or what could have triggered it.