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On Wednesday, Apple Inc (NASDAQ:).’s shares experienced a 1.35% decline, breaking its two-day winning streak and falling $27.13 short of its peak from July. The downturn came on an overall dismal market day, with the NASDAQ seeing a 2.43% dip. In contrast, Microsoft Corp (NASDAQ:).’s shares rose by 3.07%.
Apple also saw a decrease in trading volume, with a shortfall of 1.7 million from its usual average. This decline was not isolated to Apple, as Alphabet (NASDAQ:) Inc.’s Cl C and Cl A stocks also suffered significant declines of 9.60% and 9.51% respectively.
The contrasting performance of these tech giants highlights the volatility of the market, especially in the face of fluctuating economic conditions. The events of this week underscore the unpredictable nature of the stock market, with some companies like Microsoft managing to swim against the current while others like Apple and Alphabet Inc. have seen their shares fall.
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