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Apple's stock continued its downward trend today, closing down 1/2 point. Apple closed at 44 3/4, down 1/2 or 1.10%. This came as both the Nasdaq and the Dow closed on a positive note.
Apple's PC competitors, including IBM, Dell, Hewlett Packard, and Gateway 2000 all closed up. Compaq closed down.
Market fears and concerns of rising interest rates that lowered many stocks seem to have been shaken off as the afternoon worn on.
The Mac Observer Spin: As our own Apple Trader said in yesterday's column, it would appear that 45 is the point that Apple will likely revolve around for the near future. It also appears that our original thoughts that Apple would close over 50, at least for a day, are simply not going to born out by the market. Look for mild changes in Apple's stock for the near future.
Apple
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