Facebook (FB) Joins Apple (AAPL) Decline as Retail Investors Puke
Facebook, Inc. (Nasdaq: FB) stock declined intraday on Tuesday, a move that on the surface appears tied to negative Apple (Nasdaq: AAPL) sentiment.
Shares of Apple declined after the company unveiled two new phones, the iPhone 5C and iPhone 5S. To many on Wall Street, this wasn't a surprise given past performance following events. However, retail investors appear to have been caught off guard and sentiment turned negative, sending ripples throughout the tech sector. As a result, Facebook stock declined.
Shares of Apple declined after the company unveiled two new phones, the iPhone 5C and iPhone 5S. To many on Wall Street, this wasn't a surprise given past performance following events. However, retail investors appear to have been caught off guard and sentiment turned negative, sending ripples throughout the tech sector. As a result, Facebook stock declined.