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September 16th, 1999

[4:00 PM] Apple Stock Watch: Apple Regained Some Territory As Hurricane Floyd Advanced On Wall Street

Apple closed higher today in an unusual day of trading. The markets kept a close eye on Hurricane Floyd and much of New York actually closed up shop early. With tomorrow's trading session including what is known as a Triple Witching session in which contracts on stock options, index options, and index futures all expire.

Still, Apple regained some of yesterday's losses to close at 76 13/16, a gain of 1 7/16 or 1.91%. Volume was on the heavy side of moderate with 3,944,900 shares trading hands. Adobe Systems also had a good day after announcing record profits and a 2-for-1 stock split to take place on October 26th.

Motorola also traded higher, though Symantec and Macromedia ended the day down.

On the PC front, results were also mixed with Dell, Compaq, and Microsoft closing higher. IBM, Intel, Gateway 2000, and Hewlett-Packard all closed lower.

The Dow and the Nasdaq ended the day in negative territory. The Dow closed at 10737.46, a loss of 63.96, while the Nasdaq closed at 2806.72, down 7.45.


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