Apple Outperforms Since Dot Com Bubble

Apple Outperforms Since Dot Com Bubble

Apple has done something that it hasnt done in so many years.

According to reports, Apple shares have gained about 1% for about 6 straight sessions now. This is their biggest gain since 2000.

What is evident is that Apple’s stock has finally rallied in about many, many years. Moreover, after 20 failed attempts, there has been a shortage of and in a dot com bubble which is affecting people in many and every sense.

Introduction

AAPL +1.16%, rose by 1.2% on Tuesday to post a 6th straight win. This is Apple’s longest winning streak since the 7th day stretch in April.

Apple stock has gained 23.5% for the year and it has a SPDR Technology Select Sector which has gained by 24.2%. The Dow industrials DJIA dropped -.0.05%.

Moreover, along with this, Amazon is up by 0.16% and Facebook Inc. FB (+1.88%).

On the other hand, consumer inflation has hit 15 month highs. According to reports, fueled by food prices, the consumer price index was up by almost 2.7% in May as compared to a year earlier. Accelerating growth by about 2.5% in April, food prices rose in the month of May to about 7.7% which is its fastest pace in the past three years, after it climbed to 6.1%.

Non food prices have climbed by 1.6%, as it moderated to about 1.7% increase by April.

For more updates, stay tuned at Tech Unveiled.

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