Apple stock in sharp downturn

■ New York’s Nasdaq index was weighed down yesterday after Apple’s stock recorded its sharpest percentage drop since October last year. Apple closed at $580.13 after hitting a record high last week of $644. Some investors said Apple, which is up 45 per cent this year, broke a trend line that led to more profit-taking. The tech company’s shares ended down 4.1 per cent.