Nasdaq falls into red as Apple stock drops further, testing key level of support

Continuing a recent pattern of strong opens followed by weak closes, the Nasdaq composite and S&P 500 turned decidedly into the red on Thursday as Apple stock continued to drop, testing a key level of support.Rachel Fox for Investor’s Business Daily:The indexes attempted to rebound on Thursday after this week’s heavy sell-off. Wednesday’s session pushed the Nasdaq composite down more than 10% off its highs. A drop of this size generally qualifies as an intermediate-term cor