The Apple bear market: Will US tech continue to slide?

The US technology sector has been "crushed" in recent weeks but remains on course for long-term gains, managers have insisted.

Apple, the world's largest company by market capitalisation, has seen its share price slide 20% from its September high of $705 a share, the most palpable sign of a slump in the sector that has also seen disappointing earnings from fellow big-hitters Google, Microsoft and others. The tech-focused NASDAQ 100 index fell 5.4% last month, compared with a 2.5% fall in the Dow Jones Industrial Average, which does not include Apple or Google. That represented a painful fall for a sector in which many US and global equity managers hold notable overweights. "The only sector that has really bee...