This Story Posted:
July 6th, 1999

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[3:48 PM]
Apple Stock Watch: Apple Up Again, Closes Over 47
Apple is on an upswing again today as traders were generally happy with much of the tech sector. In addition to MacWorld becoming closer, Intel buoyed the entire sector as a strong recommendation from Prudential Securities.

Apple closed at 47 3/8, a gain of 1 1/16 or 2.29%. Volume was moderately high today with 4,051,600 shares trading hands.

Apple's PC brethren showed mix results today with IBM, Dell, and Hewlett Packard closing in negative territory. Gateway 2000 and Compaq both showed modest gains.

Despite the improvements in the Tech Sector, both the Dow and the Nasdaq closed down. The Dow closed at 11135.12, a loss of 4.12 while the Nasdaq closed at 2736.78, down 4.24.

For other stories on Apple's Stock Performance, check out our Apple Stock Watch Special Report.

The Mac Observer Spin: Maybe, and just maybe, MacWorld Fever is catching again. Wall Street seems satisfied for now that the P1 will in fact be introduced, though a rollout is likely to be pushed back. This should be a remarkably interesting month.

Apple



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