Yesterday Apple’s stock hit a 52 week low of $87.54 per share around 10:45 EST. By the end of the day yesterday the stock had recovered slightly ending at $98.14.
As I type this this morning the stock is down again…sitting at $94.07. The U.S. stock market is still tumbling after the events of the last few weeks. The $700,000,000,000 bailout plan that was passed last Friday had little effect on Monday’s trading (which many people will tell you was expected). Today’s announcement of the Fed’s “bold” plan has some hoping that the market will calm down.
As I type this the Dow is up $12.50, and the Nasdaq is down $10.80.