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October 8th, 1999

[3:45 PM] Apple Stock Watch: Apple Closes Lower Again

In another negative day of trading, Apple had yet another dip as tech traders continued to show concern over IBM and its personal computer business. While computer stocks closed mixed, Apple started off in the red and never recovered. Apple closed at 65 9/16, a loss of 13/16 or 1.22%. Volume was moderate for the first time in two weeks with 3,417,900 shares trading hands.

On the Mac software side, Adobe and Symantec shared in Apple's misery as both closed lower. Macromedia closed higher. Apple's PowerPC partners closed mixed as Motorola closed higher and IBM closed lower.

Apple's PC competitors were also mixed as Dell, Microsoft, Intel, and Gateway 2000 all closed higher. Compaq and Hewlett-Packard joined Apple in the losers column.

Despite the losses in the computer sector, both the Dow and the Nasdaq closed in positive territory. The Dow closed at 10649.76, a gain of 112.71, and the Nasdaq closed at 2886.57, a gain of 25.87.

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.


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