Apple Stock Rises as Tech Stocks Tank

In today’s stock market crash, which resulted in 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 drop 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.