Apple stock (Nasdaq: AAPL) took a hit the day after its first-quarter earnings were released, closing down more than 12 percent on Thursday. Investors were worried that growth is slowing at Apple, the world's most valuable company.
Shares of Apple dropped $63.51, or 12.35 percent, to $450.40 at the close of New York trading Thursday. The tech-heavy Nasdaq index, on which Apple trades, also closed down 0.74 percent to 3,130.
On Wednesday after the market closed, the company reported that it...Full Story