“Following a brutal 5.1% decline for the Dow Jones Industrial Average on Thursday and Friday, the setup was dire, and, alas, the blue-chip index opened the new week down as much as 1,000 points, or 6.6%,” Philip Van Doorn reports for MarketWatch.
“But sentiment changed quickly, as the index had fallen only 226 points, or 1.4%, at midday,” Van Doorn reports.
“Shares of Apple Inc. had led the 30 Dow components with an early decline of 10.2%,” Van Doorn reports. “But shares of the iPhone maker bounced back, rising [1.90%, up $2.00, to $107.76 at 12:57PM EDT.”
Read more in the full article here.
MacDailyNews Take: Hope you took your Dramamine this morning, Apple shareholders!
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