|[3:45 PM] Apple Stock Watch: Apple Rebounds With Strong Showing In Today's Trading
Apple continued to regain strength today in another strong trading day. In a broad rally, Apple rose almost 5% to close at 64 9/16, a gain of 2 27/32 or 4.61%. Volume was moderate with 4,098,700 shares trading hands, the lowest volume that Apple's stock has seen since it's free fall began two weeks ago.
Apple was not alone in the plus column though as Adobe, Macromedia, and Symantec all showed strong gains. Adobe gained more than 4 5/8 to close up more than 4%.
Apple's AIM partners also closed higher. Motorola also closed up more than 4 points, a gain of 5%, while IBM closed with a more modest gain.
On the Dark Side, Intel, Microsoft, and Gateway 2000 all closed in positive territory. Hewlett-Packard and Compaq closed in the red.
The Dow and the Nasdaq joined the individual stocks in the plus column. The Dow closed at 10401.23, a rise of 128.23, while the Nasdaq closed at 2795.97, a strong gain of 59.12.
For full quotes on all the companies mentioned in this article, we have assembled this set of quotes at Yahoo! for your reference. We also have these same quotes reported live (20 minute delay) on our home page [Editor's Note: As of this writing, the home page stock quotes are down for maintenance.] For other stories regarding Apple's stock activity, visit our Apple Stock Watch Special Report.
Also, if you have not done so already, check out today's column from the Apple Trader titled "A Brief Technical Analysis Of AAPL: Time To Average Down?"
The Mac Observer Spin: This was a broad market rally, but it is hopefully no coincidence that Apple took part. With October traditionally being a terrible month for stocks, it's anyone's guess as to what will happen.