--- description: Major indices had their worst day in several weeks on the back of falling Apple stock title: Apple Leads Worst Stock Market Drop in Two Months image: https://static.time.com/v3/assets/bltea6093859af6183b/bltde093bcdab65f2d0/6988d9b9bc6cfc69913e2a3c/time-logo.jpg?branch=production --- * [World](/section/world/) ## World Update your preferences in [Account Settings](/account/preferences/) Close * [Markets](/tag/markets/) ## Markets Update your preferences in [Account Settings](/account/preferences/) Close # Apple Woes Take a Bite Out of the Stock Market by [Sam Frizell](/author/sam-frizell/) ## Sam Frizell Update your preferences in [Account Settings](/account/preferences/) Close Sep 25, 2014 9:19 PM CUT by [Sam Frizell](/author/sam-frizell/) ## Sam Frizell Update your preferences in [Account Settings](/account/preferences/) Close Sep 25, 2014 9:19 PM CUT U.S. stocks dropped significantly Thursday with the major indexes logging their worst session in nearly two months, as Apple fell on smartphone glitches and markets continued to feel the effects of tepid economic numbers. The Dow Jones Industrial Average dropped 1.54% to 16,845.80, the S&P 500 dropped 1.62% to 1965.99 and the NASDAQ fell 1.94% to 4,466.75\. The losses were the greatest since July 31, CNBC reports. Apple, beset by [glitches](http://time.com/3426561/apple-iphone-6-plus-ios-8-problems/ "undefined") in it its new operating system and rumors that some iPhone 6 models [might bend](http://time.com/3430746/apple-bendgate-iphone-6-plus/ "undefined"), dropped 3.8 percent, while Twitter and Pandora Media led stock declines among Internet firms. Economic reports showed long-lasting goods falling 18.2 percent in August, while a major purchasing index for September was lower than expected. ```json [{"@context":"https://schema.org","@type":"NewsArticle","@id":"https://time.com/3430900/apple-stock-market-dow-jones-sp/","mainEntityOfPage":{"@type":"WebPage","@id":"https://time.com/3430900/apple-stock-market-dow-jones-sp/"},"headline":"Apple Woes Take a Bite Out of the Stock Market","datePublished":"2014-09-25T21:19:52.000Z","dateModified":"2026-02-21T10:25:33.640Z","description":"Major indices had their worst day in several weeks on the back of falling Apple stock","url":"https://time.com/3430900/apple-stock-market-dow-jones-sp/","keywords":["Markets","Economy"],"thumbnailUrl":"","author":[{"@type":"Person","name":"Sam Frizell","jobTitle":null,"url":"https://time.com/author/sam-frizell/"}],"articleSection":"World","image":[],"publisher":{"@type":"Organization","name":"Time","url":"https://time.com/","logo":{"@type":"ImageObject","url":"https://time.com/images/logo.png","width":528,"height":156},"foundingDate":"March 3, 1923","sameAs":["https://www.facebook.com/time","https://www.instagram.com/time/?hl=en","https://twitter.com/time","https://www.pinterest.com/timemagazine"]}},{"@context":"https://schema.org","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"item":{"@id":"/section/world/","name":"World"}},{"@type":"ListItem","position":2,"item":{"@id":"/tag/markets/","name":"Markets"}},{"@type":"ListItem","position":3,"item":{"@id":"https://time.com/3430900/apple-stock-market-dow-jones-sp/","name":"Apple Woes Take a Bite Out of the Stock Market"}}]},{"@context":"https://schema.org","@type":"VideoObject","name":"Apple Offers iOS8 Fix (For The Fix)","description":"Apple tried to fix the bugs and close the holes in iOS 8 by releasing iOS 8.0.1. The update kind of did the opposite, though, leading to more fixes Thursday morning.","thumbnailUrl":"https://cdn.jwplayer.com/v2/media/neJsCzaI/poster.jpg?width=720","uploadDate":"2014-09-25T14:59:47.000Z","contentUrl":"https://cdn.jwplayer.com/manifests/neJsCzaI.m3u8","embedUrl":"https://time.com/3430900/apple-stock-market-dow-jones-sp/","duration":"PT1M41S","potentialAction":{"@type":"SeekToAction","target":"https://time.com/3430900/apple-stock-market-dow-jones-sp/?jw_start={seek_to_second_number}","startOffset-input":"required name=seek_to_second_number"}}] ```