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Apple, other personal computer and hardware stocks surge in late trading

Tuesday, October 28, 2008 · 3:38 pm · 8 Comments

“The largest PC and hardware stocks saw their shares surge in late trading Tuesday amid a broad market rally spurred on by signs that credit markets could be improving. Among PC stocks, the shares of Apple Inc. (AAPL: 97.70, +5.61, +6.1%) , Hewlett-Packard Co. (HPQ: 33.66, +2.48, +8.0%) and Dell Inc. (DELL: 12.68, +0.94, +8.0%) were all up more than 4%,” Rex Crum reports for MarketWatch.

“The tech-heavy Nasdaq Composite Index ($COMPQ: 1,602.11, +96.21, +6.4%) rose more than 62 points, or 4%, to 1,568,” Crum reports.

Full article here.

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Comment Feed

8 Comments

Kate

Tuesday, October 28, 2008 - 3:56 pm · Reply

Uh oh, Obama better watch out. America may be starting to dig out of the recent mess before he’s been able to benefit from it. Oh no!!
Must be racism.
macaholic

Tuesday, October 28, 2008 - 4:04 pm · Reply

one day does not a bull market make
KillBill

Tuesday, October 28, 2008 - 4:05 pm · Reply

Yawn.

Stormy seas mean crests and troughs… but lets be clear we’re in a *hit loads of trouble…

Tweedle Dee or Tweedle Dummer
ABQ Peter

Tuesday, October 28, 2008 - 4:17 pm · Reply

so why, pray tell, did dell go up more than apple? what can possibly be the upside there?
It's About Time

Tuesday, October 28, 2008 - 5:07 pm · Reply

@ABQ Peter
“so why, pray tell, did dell go up more than apple? what can possibly be the upside there?”

Michael Dell probably purchased his own company’s shares, believing they’re quite the bargin.
Demon

Tuesday, October 28, 2008 - 5:08 pm · Reply

Just a crest before the fall in the morning.
Market manipulation is king right now.
The Market Drivers are so stormy it doesn’t take much to spark a sell-off in the market.

Someone will short Dell or it will have some profit taking tomorrow at some point and drive a sell off in the entire tech sector and then it would be a good time to buy some Apple Stock when the tech sector hits it’s daily bottom tomorrow from the sector sell off frenzy that is likely to happen.
@abq

Tuesday, October 28, 2008 - 8:39 pm · Reply

you’re looking at percentage, not dollars. It’s a higher percentage because their stock is worth so little.
JoshtheiMacGuy

Wednesday, October 29, 2008 - 9:14 am · Reply

So what? Stop drinking the Apple Juice and be objective. A good company does not mean a good stock.