Apple drops on report that Justice Department has jurisdiction over potential antitrust probe

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Apple drops on report that Justice Department has jurisdiction over potential antitrust probe
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China is the world's leading producer of rare earths, but Beijing's ability to use them as a weapon is fairly limited, according to several analysts.

shares ticked lower Monday after Reuters reported the Justice Department has been given jurisdiction to probe the company's practices as part of a broad review into potential anti-competitive behavior among big tech companies.

The stock fell nearly 2% following the report, after trading higher earlier in the day. Apple and CEO Tim Cook areThis is breaking news. Please check back for updates.

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