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03.08.2026 09:11 AM
Sometimes a single earnings report can flip the entire day’s narrative. Apple lost $357.8bn of market value, marking the largest one-day drop in the company’s history and the third-largest among all US companies, after September-quarter guidance disappointed, sending the stock down about 7.4%. It was Apple’s worst day since the tariff shock.
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The market quickly found offsetting gains. Amazon surged by 15% after reporting accelerating cloud revenue, delivering the company its largest one-day market-cap gain in history. Bernstein called
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