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Apple shares caught in 'momentum meltdown'

They have fallen below their 200-day moving average, wiping out nearly US$100b of Apple's market value

People stand outside the Apple Store on Fifth Avenue on August 5, 2015 in New York City.

New York

HAS the "curse of the Dow" finally caught up with Apple?

Shares of the iPhone maker have been in a rut since posting disappointing quarterly results in late June, falling to a six-month low of US$113.25 on Tuesday.

The recent declines have wiped out nearly US$100