Stock Market Today, Oct. 16: Apple Edges Higher on iPhone Duo Preorder Surge
Apple (NASDAQ:AAPL), a consumer electronics and personal computing hardware provider, closed at $343.46, up 0.43%. The stock edged higher after reports that iPhone Duo preorders sold out quickly, and investors are watching the November 2 earnings call for guidance and demand updates.
Trading volume reached 59 million shares, coming in about 31% above its three-month average of 45 million shares.
S&P 500 (SNPINDEX: ^GSPC) closed at 7,659, down 1.09%, while Nasdaq Composite (NASDAQINDEX: ^IXIC) finished at 26,140, down 2.14%. Among consumer electronics and personal computing hardware peers, Microsoft (NASDAQ:MSFT) closed at $529.05, down 1.93%, and Alphabet (NASDAQ:GOOGL) closed at $340.59, down 2.47%, as investors kept focus on AI-debt pressure and semiconductor weakness.
Source: www.fool.com — article syndicated from the publisher’s feed; all rights remain with the original publisher.