Shares of Apple Inc.
advanced 3.00% to $115.36 Monday, on what proved to be an all-around favorable trading session for the stock market, with the NASDAQ Composite Index
rising 1.87% to 11,056.65 and the Dow Jones Industrial Average
rising 1.18% to 27,993.33. The stock’s rise snapped a two-day losing streak. Apple Inc. closed $22.63 short of its 52-week high ($137.98), which the company achieved on September 2nd.
The stock outperformed some of its competitors Monday, as Microsoft Corp.
rose 0.68% to $205.41, Alphabet Inc. Cl A
fell 0.46% to $1,508.83, and International Business Machines Corp.
rose 0.52% to $122.09. Trading volume (137.6 M) remained 34.0 million below its 50-day average volume of 171.6 M.
After this week, investors should sit Nikola’s ‘fun ride’ out at least until the revenues roll in.
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