Apple stock slide: Much ado about Wall Street

While the Dow has been inching towards record highs, Apple's stock has taken a dive.

Apple's stock has taken a significant dive recently. Though the CEO of the company has changed from Steve Jobs to Tim Cook and there are new concerns over falling demand, Allan Sloan, senior editor-at-large at Fortune Magazine, says the company's stock performance has little to do with what's going on inside the company.

"This was a classic momentum play, it ran up, it ran down, with no real change," says Sloan.

To hear more about Apple and its future prospects, click on the audio player above.

About the author

Jeremy Hobson is host of Marketplace Morning Report, where he looks at business news from a global perspective to prepare listeners for the day ahead.


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