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Apple Enters Correction, Drops 10% From Highs As Moody's Warns

Despite a roller-coaster dump-and-pump overnight, Apple stock is falling hard again today - along with many of the tech giants - and is now down over 10% from recent highs, entering a correction. The latest leg comes after Moodys warned that Apple's plan to target net cash neutral is credit negative. Full Moody's Statement: Moody's Investors Service said Apple inc. indicated on its first quarter 2018 earnings call that it plans to become approximately net cash neutral over time.
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