Apple stock just had an historic day on Wall Street

The U.S. stock market on Monday had an historic rally in which Apple stock played a significant role, having an historic day itself. Shares of the Cupertino Colossus surged 9.3%, the stock’s largest single day move in more than 11 years.

Apple stock historic dayEric J. Savitz for Barron’s:

The $24.45 per share gain contributed 172 points to the Dow Jones Industrial Average’s 1,296 point gain. Apple closed the day at $298.91, after trading as high as $301.44 during the day’s session.

Apple’s rally boosted the company’s market value by $111 billion—that’s just slightly shy of the current valuation of IBM. Apple’s market capitalization now stands at $1.3 trillion.

MacDailyNews Take:

Heh. (But, seriously, we like IBM now.)

Apple shares have been under pressure… due to a combination of coronavirus-related supply chain and demand issues in China… [however] many analysts think that Apple is only seeing demand delays, rather than demand destruction, with no fundamental changes to the company’s long-term outlook.

MacDailyNews Take: Apple stock’s historic day is great and everything, but we’re still quite a bit shy of Apple’ all-time high of $327.85 set on January 29, 2020. We expect more volatility in Apple and the market as a whole as the COVID-19 coronavirus works its way around the world. Imagine Warren Buffett’s on-paper gains from Apple today!


    1. No, it bugs the shita out of me. It’s nothing but temperamental and illusionary WallStreet BS. It’s not as if we’re over the hump with the V, even though positive containment news comes out of China…and why believe the totalitarians?

  1. In September 2019, Apple’s Stock (AAPL) was $215. In February it was $324. Last week it fell to $273 and people online were like, “OMG, we need to sell.” Now it’s bounced up to nearly $300 . . . unless you are a “professional,” one should not be buying and selling on these fluctuations . . . however, if you are in it for the long haul, I imagine that Apple will be one of the few current Fortune 500 companies that will still “exist” in 15 years. So AAPL is probably a good bet for the long term investor.

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