Apple Inc. stock falls Friday, underperforms market

Shares of Apple Inc.

slid 1.40% to $119.02 Friday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average

rising 0.39% to 28,606.31 and the NASDAQ Composite Index

falling 0.36% to 11,671.56. This was the stock’s second consecutive day of losses. Apple Inc. closed $18.96 short of its 52-week high ($137.98), which the company reached on September 2nd.

The stock underperformed when compared to some of its competitors Friday, as Microsoft Corp.

remained unchanged, Alphabet Inc. Cl A

rose 0.79% to $1,567.70, and International Business Machines Corp.

rose 0.83% to $125.93. Trading volume (113.9 M) remained 60.7 million below its 50-day average volume of 174.5 M.

Editor’s Note: This story was auto-generated by Automated Insights using data from Dow Jones and FactSet. See our market data terms of use.

Source link