, Columnist
The Big Tech Apples May Have Further to Fall
While much excess in the sector has blown off the top this year, a future more like the pre-pandemic era could mean still lower premiums.
Investors will get more clarity from tech heavyweights this week.
Photographer: Bing Guan/BloombergThis article is for subscribers only.
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There’s no doubt what Monday’s biggest market news was in New York. Apple Inc. stock fell more than 2% in its worst session in almost three weeks after Bloomberg revealed the company’s plans to slow hiring and spending to cope with a potential economic downturn. The news, shortly after midday, sparked an immediate tumble.