This Story Posted:
July 23rd, 1999

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[4:10 PM]
Apple Stock Watch: Apple Heads Back Up
After declining yesterday during a tech sector sell-off, Apple headed back up again as Wall Street grew confident over continued positive earnings reports. Apple closed at 53 5/16, a gain of 15/16 or 1.79%. Volume was low with 2,044,700 shares trading hands.

PCville also had a good showing with IBM, Dell, Gateway 2000 (up 16% on two analyst upgrades), and Hewlett-Packard all closing higher. Compaq closed down.

The Dow closed at 10910.96, a loss of 58.26, while the Nasdaq closed at 2692.40, a gain of 7.96.

The Mac Observer Spin: Wow, Apple closing higher 2 out of 3 days at MACWORLD. That hasn't happened in a long time. As we have mentioned elsewhere, yesterday's losses really seemed to be tied much closer to the Alan Greenspan's comments in front of congress yesterday than it was to anything related to Apple. Assuming our observations on this are correct, this is nothing short of a great showing for Apple in the stock market.

Check out our Apple Stock Watch Special Report for other stories on Apple's financial situation.

Apple



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