Stocks End Lower for Second Day, Dragged by Techs; Apple Closes Below $400

Stocks End Lower for Second Day, Dragged by Techs; Apple Closes Below $400

J.P. Morgan hardware analyst Mark Moskowitz today reflects upon what could restore the “What's Next?” appeal of Apple (AAPL), after a 24% year-to-date drop in the shares (actually almost 27% with today's decline), and concludes that large debt issuance

Predictably, AAPL's brief dip below $400 yesterday is resulting in a lot of excited reporting in the press, but how much does it all really mean? The 5.5 percent slide yesterday was a combination of two factors. First, yesterday was a bad day for the

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“Wall Street has basically given up on Apple,” Jay Yarow and Henry Blodget write for Business Insider. “The stock has tanked more than 40% from a peak of $702 last September to a new low of about ~$406 this morning.”

Here are some things going on this morning in your world of tech: Shares of Rally Software (RALY) are up $4.02, or 28%, from their $14 offer price at $18.02 on their first day of trading. The tech other IPO this morning, Evertec