Apple shares rise for third consecutive day as tech stocks show mixed results
2023.11.16 19:26
© Reuters.
NEW YORK – Apple Inc (NASDAQ:). continued its upward trajectory today, with shares climbing 0.90% to close at $189.71, amid a day of varied performances in the technology sector. The increase marks the third consecutive day of gains for the tech giant, although the stock is still trailing its year high of $198.23 set on July 19th.
In contrast to Apple’s steady growth, broader market indices displayed a more muted response. The edged up slightly by 0.07% to finish at 14,113.67, while the experienced a minor dip, closing down 0.13% at 34,945.47.
Other major tech companies also saw their shares move positively. Microsoft Corp (NASDAQ:). enjoyed a notable boost with its shares up by 1.76%, ending the day at $376.17. Alphabet (NASDAQ:) Inc., the parent company of Google, witnessed increases for both its Class C and Class A stocks, which rose by 1.70% and 1.72%, closing at $138.70 and $136.93 respectively.
Despite the positive momentum, Apple’s trading volume was lower than average at 53.9 million shares, falling short of its 50-day average volume by 6.3 million shares.
The performance of these tech stocks comes amid a broader discussion about the health of the technology sector and investor sentiment as markets navigate through economic challenges.
Today’s trading data for Apple and other tech stocks was provided by Dow Jones and FactSet, with insights generated by Automated Insights.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
