Apple stock price dropped below $500 for the first time in more than a year in early morning trading on Monday, with the Dow Jones Industrial Average dropping more than 300 points to 26,813.
Shares of Apple fell 1.2% in morning trading, down from a record low of $638.45 in late morning trading.
It was the most-watched day of the year for Apple and was the biggest drop in the Dow since early May.
The Dow is up 3.2%, or 1.7%.
Apple shares closed at $640.27 in late afternoon trading, just below the record low set on Thursday.
