Apple Inc. stock falls Monday, underperforms market

Apple Inc. stock falls Monday, underperforms market

Shares of Apple Inc. AAPL, -1.99% slid 2.00% to $116.32 Monday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average DJIA, +2.94% rising 2.95% to 29,157.97 and the NASDAQ Composite Index COMP, -1.52% falling 1.53% to 11,713.78. This was the stock’s second consecutive day of losses. Apple Inc. closed $21.66 short of its 52-week high ($137.98), which the company reached on September 2nd.

The stock demonstrated a mixed performance when compared to some of its competitors Monday, as Microsoft Corp. MSFT, -2.38% fell 2.38% to $218.39, Alphabet Inc. Cl A GOOGL, +0.09% rose 0.10% to $1,761.42, and International Business Machines Corp. IBM, +2.77% rose 2.78% to $115.53. Trading volume (153.0 M) eclipsed its 50-day average volume of 152.3 M.

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