Nasdaq hits another high, led by Apple

The Nasdaq composite outperformed again in early trading Tuesday, cheered by yet another strong showing for Apple stock and a bullish earnings report from COVID-19 stock play Zoom Video, providers of a cloud platform for video and audio conferencing, chat, and webinars across mobile, desktop, and room systems.

stock chartKen Shreve for Investor’s Business Daily:

After a 4-for-1 stock split, Apple (AAPL) shares got pulled down late with the Nasdaq Monday, but the stock ended with a gain of 3.4%. JPMorgan lifted Apple’s price target to 150 from 115, according to MarketWatch.

The Nasdaq composite was up 0.7%, and the Nasdaq 100 added 1.1%. The S&P 500 edged up 0.2% and the Dow Jones Industrial Average inched up less than 0.1%.

The S&P 500 suffered a mild distribution day Monday, falling 0.2% in higher volume, according to Monday’s Big Picture column. Sellers came into the market during the final minutes of trading as portfolio managers made some last-minute moves on the final trading day of August. But the stock market continues to act well amid limited signs of pronounced institutional selling in the S&P 500 and Nasdaq

MacDailyNews Take: Amazingly, after years, investors seem to have finally woken up to see Apple for all that it is and then even more that it will be!


    1. The climb of the market (Apple and tech really) have nothing to do with Trump…unless you believe the Fed is acting upon Trump’s suggestions/orders to buy equities/assets of players in the market.

      This is bubble territory and you are happy with that and attributing it to Trump?

    1. Pretty obvious that First Then has an office full of trolls pasting tweet repeats and incessant cult rally chants to distract voters from the reality of how bad the administration is. Total incompetence and nepotism, swamp deeper than ever. Real conservatives left a long time ago. Trumpets are Trolls.

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