AAPL Apple Inc

By Amrith Ramkumar 

The world's most-valuable public company is at risk of closing in a bear market, a worrisome sign for investors questioning whether the U.S. stock rally can regain its footing without leadership from the technology sector.

Apple Inc. shares fell more than 4% to $185.63 in midday trading Monday, bringing the stock more than 20% below its Oct. 3 peak.

A close at or below $185.65 would push Apple to the 20% decline that typically characterizes a bear market. Apple shares since recovered slightly Monday but were still down 3.9% at $185.91.

After the stock held up during October's stock-market rout, losing 3%, a tepid revenue forecast earlier this month has sent Apple tumbling.

Other technology stocks were also slumping Monday, with Amazon.com Inc., Google parent Alphabet Inc., Microsoft Corp., Facebook Inc. and Netflix Inc. all falling at least 2.7%. The tech-heavy Nasdaq Composite fell 2.6%.

Write to Amrith Ramkumar at amrith.ramkumar@wsj.com

(END) Dow Jones Newswires

November 19, 2018 12:50 ET (17:50 GMT)

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