Apple bounces 3% after worst losing streak since 2000

CEO of Apple Tim Cook speaks at an event in 2022.

Jerod Harris | Getty Images Entertainment | Getty Images

Apple shares rallied more than 3% Tuesday after the iPhone maker posted its worst four-day losing stretch since 2000.

The rise came amid a broader rally in technology stocks and on the heels of a 23% drop in Apple shares over four trading days that resulted in Microsoft unseating it as the most valuable company and a $774 billion drop in market value. Apple, which has declined more than 22% since President Donald Trump took office in January, recovered its status Tuesday.

Technology stocks broadly rose Tuesday even after China and the European Union announced retaliatory tariffs in the latest trade war escalation. The sector is coming off a rocky session after a short-lived relief rally failed. Last week, the “Magnificent Seven” stocks shed $1.8 trillion in market value over to trading sessions.

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