Apple

-Dow Jones Reaches To New Summit As Apple Extends Its Winning Streak!

  Dow Jones Reaches To New Summit As Apple Extends Its Winning Streak! Stocks rose moderately on Friday as the Dow Jones Industrial Average and the S&P 500 maintained an all-time high. Apple grabbed the flag and breasted the rope. Dow Jones industrialists rose 0,4 %  today, the S&P 500 rose 0,3 % and the Nasdaq stock market rose 0,1 %. The US producer price index rose 1 % ahead of Friday, beating the forecast for a 0,5 % increase in March. Tech stocks boosted the Nasdaq composite to 43,6 % in 2020 for its fifth best year to date. The S&P 500 rose 16,3 % last year, and the Dow rose 7,2 %. After a strong start this year, the market is recovering with a short recovery.

Apple grabbed the flag and breasted the rope.

Covid-19 Update:

The lockdowns that came due to the pandemic seriously affected the US economy. However, many states are currently loosening restrictions. With the spread of vaccines in some states, cases began to decline, causing the economy to gradually show signs of recovery. According to Worldometer, the cumulative Covid-19 cases worldwide are approaching 135 million, with more than 2,9 million deaths. Cases in the USA exceeded 31,7 million with more than 574 thousand deaths, but the number of new cases in the USA has slowed significantly. Pfizer (PFE) and BioNTech (BNTX), whose joint vaccine has also been approved for emergency use, increased 1 % and 6 %, respectively. Moderna (MRNA), which made the third FDA-approved vaccine, rose by about 7 %.

Dow Jones Winners and Losers

Apple (AAPL) and Intel (INTC) values ​​increased by about 1,5 %. Apple stocks are on track to increase their streak to seven days. The iPhone maker is delaying orders for some MacBook and iPad due to a global chip shortage, Japan's Nikkei news service reported on Thursday. Apple has retraced its 10-week average this week after spending nearly 2 months below the support line. Intel stock is nearly extended from a 65,21 buy point of a double-bottom base. In the afternoon trade, the shares of the chip giant were 68,08 and the buying range was around 68,47. Boeing returned to the pickup range from the pickup point of a 244,18 cup base. The jet manufacturer, whose purchasing range was up to 256,39, advised its customers to fix the electrical problem on their 737 Max models before returning it back to service. Boeing said it is working with the Federal Aviation Administration on the issue.

Outside the Dow

Home builders, maintenance providers, and retail stocks led to spikes among IBD's 197 industry groups. . But consumer electronics retailers, biotech, oil and gas stocks were lagging.  

Square Inc Cl A (SQ)

Square extended its streak to seven days with a 5% jump on Thursday, with an increase of nearly 2%. The digital payment processor, which recently joined the IBD Leaderboard, is among today's industry leaders.  

Source: www.investors.com

 

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