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Apple has crested a new high today, closing at 46, up 3 points or a rise of 6.98%. This marks the first time Apple has closed in the 46 range since January 13th, 1999, during MacWorld Expo San Francisco.
Today's close more than makes up the ground Apple lost during the last two days of small losses.
Today's gains come as other computer manufacturers showed mixed results. IBM, Hewlett-Packard, and Dell were all slightly up, while Compaq and Gateway were both down.
The markets showed similarly mixed results with the NYSE falling by 89.34 points, while the tech-heavy NASDAQ, the home of Apple's stock rose 14.42 points.
The Mac Observer Spin: Apple steps a little closer to the US$50 range today. It is even closer to its 52 week high of 47 5/16. In fact, Apple's stock briefly flirted with that high as it traded at 47 1/8. Those gains were not sustained however as Apple fell back to its close. The losses of the past two days do indeed seem to have been the normal market reaction from profit-taking and Apple should pick up again on Monday when trading begins.
Apple
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