You'll get your Mac news here from now on...

Help TMO Grow

Subscriber Login

Advertising Info

The Mac Observer Express Daily Newsletter

More Info

Site Navigation

Columns & Editorials
Mac Links

October 26th, 1999

[4:00 PM] Apple Stock Watch: DJIA Throws Out The Old, Brings In The New, Apple Up 9/16
by Wes George

Today, the Dow Jones Industrial Average dropped 4 long time components and replaced them with Microsoft (MSFT), Intel (INTC), SBC Communications (SBC) and Home Depot (HD). This was the first time in the history of the Dow that any of the components have been drawn from the Nasdaq. The Dow components dropped were: Chevron (CHV), Goodyear Tire and Rubber (GT), Sears (S) and Union Carbide (UK).

The affected stocks moved up in morning trading after the announcement, but profit taking reclaimed most of those gains. The changes to the DJIA do not go into effect until Monday in order to give large portfolio managers time to adjust their holdings.

The Dow declined 47.80 or 0.46% to close at 10302.13. The Nasdaq was down 4.48 to close at 2811.47. The S&P 500 sagged 11.72 or 0.91% to close at 1281.88. The volume was strong. the 30-year bond fell 11/32 to yield 6.378%

Apple was rose 9/16 today to close at 75 1/16 on less than average volume.

In Apple related stocks today, Adobe and Macromedia both closed down while Symantec rose on the news that it will provide software services over the Internet. Apple's Power PC partners ended mixed with IBM up 1 5/8, while Motorola was down. Apple's rivals Gateway, Dell and Compaq all ended the day higher. Pixar (PIXR) was up today on the news that they beat earnings estimates in a big way. Intel closed slightly higher, while Microsoft closed slightly lower.

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 many of 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.


Today's Mac Headlines

[Podcast]Podcast - Apple Weekly Report #135: Apple Lawsuits, Banned iPhone Ad, Green MacBook Ad

We also offer Today's News On One Page!

Yesterday's News


[Podcast]Podcast - Mac Geek Gab #178: Batch Permission Changes, Encrypting Follow-up, Re-Enabling AirPort, and GigE speeds

We also offer Yesterday's News On One Page!

Mac Products Guide
New Arrivals
New and updated products added to the Guide.

Hot Deals
Great prices on hot selling Mac products from your favorite Macintosh resellers.

Special Offers
Promotions and offers direct from Macintosh developers and magazines.

Browse the software section for over 17,000 Macintosh applications and software titles.

Over 4,000 peripherals and accessories such as cameras, printers, scanners, keyboards, mice and more.

© All information presented on this site is copyrighted by The Mac Observer except where otherwise noted. No portion of this site may be copied without express written consent. Other sites are invited to link to any aspect of this site provided that all content is presented in its original form and is not placed within another .