Stock in Apple Inc. traded higher throughout most of the trading session Wednesday, but gave back most of those gains in the closing minutes of the session. Though the stock was trading above US$96 per share around the 2:00 PM EDT hour, AAPL closed the day at $89.79, a gain of $.63 (+0.71%).
AAPLis rally was part of a broader tech rally sparked by interest rate cuts by the Federal Reserve and other central banks around the world, a coordinated effort intended to stabilize the economic stability centered in the U.S.
The stock was traded in heavy volume, with more than 78 million shares trading hands.
*In the interest of full disclosure, the author holds a small share in AAPL stock that was not an influence in the creation of this article.