September 23rd, 1999

[4:00 PM] Apple Stock Watch: Apple Regains Almost 3% In Heavy Trading

Apple recovered slightly from yesterday's 10% tumble in a market that seemed to be catching its breath. While both the Dow and the Nasdaq closed lower again today, the losses were small and their were many winners in the day's trading.

Apple happens to be one of those winners as they closed at 64 15/16, a gain of 1 5/8 or 2.57%. Volume continues to be high with 10,534,300 shares trading hands, or about 3 times normal volume.

Adobe also shared in the good news, wising more than 2 points, though Macromedia, Symantec, and Motorola all closed lower.

On the Dark Side, Microsoft, Intel, and Compaq also closed lower, though Dell, Gateway 2000, IBM, and Hewlett-Packard closed higher.

The Dow closed at 10279.33, a loss of 39.26 while the Nasdaq closed at 2740.41, a loss of 9.42.

For full quotes for 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. For other stories regarding Apple's stock activity, visit our Apple Stock Watch Special Report.

The Mac Observer Spin: After yesterday's crushing blow, an increase of any sort is welcome and shows that traders still have confidence in Apple.