Apple Stock Rises as Tech Stocks Tank — In today’s stock market crash that resulted trading being halted on the New York Stock Exchange, it was interesting to note that Apple stock rose +3/16, whereas many other technology stocks fell sharply, including Intel’s -5 1.4 drop, Motorola’s -4 3/4 drop, and Microsoft’s -6 1/2 drop. The only news that would seem to account for Apple’s stock shrugging off the overall market fall was an AG Edwards report upgrading Apple stock to maintain from reduce, primarily due to psychological factors related to the expectation of more positive news emanating from Apple in the near term. [ACE]
Subscribe today so you don’t miss any TidBITS articles!
Every week you’ll get tech tips, in-depth reviews, and insightful news analysis for discerning Apple users. For over 32 years, we’ve published professional, member-supported tech journalism that makes you smarter.
Registration confirmation will be emailed to you.