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JAN 23, 2013 - Zero Hedge

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Surveying The Wreckage; AAPL Plummets To January 2012 Lows And Still Going

AAPL's after-hours loss in market cap is greater than the market cap of one BlackRock, Starbucks, Target, Costco, or Nike. Down almost 9% from yesterday's close, AAPL is trading down to January 2012 levels (off 35% from its highs) and is now notably less capitalized than the entire European banking system. Of course, this has had serious consequences for the major indices that are trading after-hours (and futures). Futures traded down to the day-session lows before closing but QQQ are now trading at 6-day lows in after-hours...and as S&P futures reopen they are gapping down a little ... Read More

Tags: Surveying The Wreckage; AAPL Plummets To January 2012 Lows And Still Going,  Futures Latest News