Apple stock cracks 11% YTD to test key technical level, ranks worst among Magnificent Seven since new year

Apple Inc.’s stock has had a rough start to the year and is now nearing a key technical level that, if breached, could signal more downside ahead. The tech giant has fared worst among Wall Street’s envious ‘Magnificent Seven’ group so far in 2025 and has slumped nearly 11 per cent through Thursday’s close.

Apple has underperformed the S&P 500 index, which has gained about four per cent to touch a fresh record high to start the year.