WSJ Tech News Briefing · Friday, July 31, 2026
Apple's stock experienced a significant decline of about 9%, erasing approximately $470 billion in market capitalization. This drop, on pace to be the largest one-day market cap decline on record for the company, weighed down a broader tech rally. The downturn is attributed to disappointing forecasts from the iPhone maker.
“Apple shares are down about 9%, weighing down a broader tech rally after its latest forecasts disappointed investors.”
“The iPhone maker was recently down about $470 billion in market capitalization, on pace for its largest one-day market cap decline on record and the second largest of any US company.”
“If the downturn holds, it'll be Apple's biggest since 2020.”