Apple shares had been up as much as 0.9% at an all-time intraday high of $142.80 soon after the open, but trended lower as trading progressed, ending the session down 1.15%.
“The earlier gains came in the wake of updates to the tech giant’s iPhone and iPad offerings,” Tomi Kilgore reports for MarketWatch.
“In comparison, the Dow Jones Industrial Average DJIA, -1.14% shed 154 points, or 0.7%, after being up 64 points earlier,” Kilgore reports, “while the Nasdaq Composite COMP, -1.83% fell 1.1% after being up 0.4% earlier.”
Read more in the full article here.
MacDailyNews Take: Man, so close to $142.86 per share (or $1000 per share pre-2014’s 7:1 split)!
If that is all that was in the pipeline I am surprised we did not have a larger fall.
It wasn’t AAPL; it was the whole market (I doubt that lack of cheap iPad mini pulled the entire DJIA and SP500 down).
It wasn’t a mini. The new iPad is a 9.7″ screen.
Yup. Lots of stocks down. Compared to many, Apple actually did well.
Nothing was a reaction to apples announcement today ……
Its just the market …..as a whole.
There are many reasons for the market correction. Apple wasn’t a major factor.
We have Brexit around the corner. We have a public sick of Trump’s dishonesty and finally realizing his promises are hollow, and his budget proposal is absurd. We have a RyanCare bill that is opposed by the Club For Growth, the American Medical Association, and dozens of other healthcare expert and associations. 14 milion retirees and disabled Americans are holding their breaths trying to figure out how much they will be gouged if Ryancare passes. Corporations are spooling up their lobbyists to oppose any Trump trade restrictions. The intelligence community is investigating Trump’s administration and Russia for likely treasonous actions that could have undermined the sovereignty of America and its election system. The GOP is ramrodding through its Supreme Court nominee, stolen from the previous administration.
One can expect the political turmoil to continue to cause market turbulence. Apple is just another boat that will have to deal with the stormy seas that reckless politics have brought us.
Buy on rumor / Sell on news.
Uh, buy low / sell high.
The Russians are pulling their money out after trying to make it look like trump being president is a good thing. The smell impeachment. The guy, trump, just can’t tell the truth.He has only run family businesses, only made money buy cheating others and lying to others. Just wait to you over 65s have to shop for health care with a 4000 dollar tax credit. He loves the idea that he will cause confusion and there by have opportunity. This, hey look over there, while I make health care impossible for people to afford, is not working. Oh it may pass since so many seem to hate the last president’s skin color, but President Obama and the ACA was about helping as many americans as possible, not making himself or his family rich.
All one would have to do is look at those insurance companies massive, massive, massive profits to realize they are lying about the ACA, Obama Cares, law. You should expect no different than lies from trump, that mutt is to old to learn a new trick. Premiums are going up 200%, maybe in some places, those people may have been paying 20 dollars a month, now they would have to pay 40, cause the ACA, Obaramcare, paid enough in a subsidy that the whole 200% increase was not passed on to the consumer. And do you know how cheap the insurance company priced that insurance to be able to raise the premium 200%, come on. You must start thinking for yourself. The one percenters are kicking you in the butt, and now they have you kicking each other. That’s as exercise in marketing for you.
Another media brainwashed know-nothing braying into the wind with paranoiac absurdities. Keep stirring up that pot of lies and then gripe about all the “hate” out there. YOU create it. We’re $20 trillion in debt you fool. Government isn’t the solution, it’s been the ever growing problem for 75 years. It’s a parasite. It needs too be brought back under control. Please, oh genius, tell us your wonderful, oh so easy solutions.
Here’s my solution: balance the budget. Yet Trump just did the opposite. His handlers proposed an additional 58 billion in military largesse, no proposals to reform taxes or address the largest spending items. Just slashing all the science and art the nation needs to achieve a competitive advantage. Trump honestly thinks prosperity for everyone is achieved by erecting trade barriers. Quite the opposite.
I’m so tired of the bullshit media/analysts fear-mongering and pretending they have any insight whatsoever into what the future holds and the stock market. Fake news indeed.
“The streak is over. For the first time in 110 sessions — going all the way back to October — large-cap stocks suffered a loss of more than 1 percent on Tuesday. All at once, the overconfident and overextended bulls were suddenly reminded that, yes, stock prices can actually fall.”
Air is rushing out of the post-election stock bubble – CBS News
https://apple.news/Ay4nIh28wR4Ko3oKQF20-8Q
https://www.tipranks.com/bloggers/anthony-mirhaydari
Lol. His track record is roughly the equivalent of flipping a coin. Analysts smh.