Apple Lost the Most Money In History In One Day, Still Worth $2 Trillion

For the past two days, the stock market has tumbled after a string of record rallies driven by Facebook, Apple, Amazon, Tesla, and other tech companies. While some are speculating about what is causing the tech selloff, others are rationalizing it as the market returning to “normal.” The market’s not normal, however.

Yesterday, Apple, which saw a strong surge after its Monday morning stock split, lost $180 billion in a single day. As Barron’s noted, this is the most money that any company in history has lost in one...