ASW: Apple's New Portables & Fed Rate Cut Help Boost AAPL To US$17.22, A 16-Week High

A cl osing price of US$17.22 is the first time since July 16th of this year that AAPL has closed above the US$17 mark (US$17.86), making today's close a 16-week high. In addition to the tech rally sparked by the above-mentioned market factors, Apple's new portable announcements helped boost Apple's stock. Apple announced faster PowerBook G4s, as well as faster iBooks, and cut the price on both. The markets reacted positively to the news

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