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Bull market losing biggest supporter as Apple caps 10% retreat

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Published Tue, Aug 4, 2015 · 09:50 PM

    New York

    THE bull market's base just lost another brick.

    Amid a collapse in breadth and the threat of falling earnings, add a correction in Apple Inc shares to the concerns facing investors. The iPhone maker slipped 2.4 per cent to US$118.44 on Monday, extending its decline since February to 11 per cent and dropping below another chart threshold, its 200-day moving average, for the first time since 2013.

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