This Story Posted:
May 27th, 1999

 
 

[4:38 PM]
Apple Stock Watch: Selloff, Inflation Worries Halt Rally, Apple Loses 9/16
Following a 6% jump yesterday in which many other tech stocks also jumped, Apple's Stock closed today at 43 1/2, a fall of 9/16 or 1.28%. Apple's stock has been trading in somewhat low volumes, and today was no exception with only 3,006,800 shares trading hands. The current average for shares traded is 4,754,318 for Apple.

Despite signs of a major rally yesterday, a broad sell-off based on inflation worries took its toll on the entire market as both the Dow and Nasdaq closed in negative territory. The Dow closed at 10466.93, down 235.23 while the Nasdaq closed at 2419.15, down 8.03.

All of Apple's major PC competitors also closed down, including IBM, Dell, Compaq, Hewlett-Packard, and GAteway 2000.

Apple