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MARKETS LIVE BLOG:

S&P 500, NASDAQ NOTCH BIG WINS WITH TESLA EARNINGS ON DECK

Tech-focused investors prepare for fresh wave of earnings highlighted by struggling Tesla

Today, Apple Stock Lost More Than the Market Value of Nike or Starbucks

Derek Thompson

Apple's stock fell 12 percent today, its worst tumble in four years. Nobody knows if this is the beginning of the end, or a lull between two glorious chapters of market dominance.

What we do know is that Apple lost an eighth of its market cap today, or $52 billion in stock value. That's more than the market cap of some big, famous companies (h/t Rebecca Jarvis for the observation) ...

Screen Shot 2013-01-24 at 4.33.13 PM.png
Screen Shot 2013-01-24 at 4.33.13 PM.png

This says as much about the monstrous size of Apple (which just "disappointed" with $54 billion in revenue last quarter) as it does about the size of today's sell off.





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