As Apple Stock Trades Lower, Dow Continues to Climb
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Hemera/Thinkstock(NEW YORK) — Another drop in first-time jobless claims gave the markets a boost Thursday.
The Dow closed up 46 points at 13,825.33, holding on to a five-year high. The blue chips index is now 339 points, or a little more than two percent from its all-time high.
The S&P poked above 1,500 for the first time since December of 2007, closing up a fraction. The index closed Thursday at 1,494.82.
One day after Apple announced some less-than-expected earnings, the iPhone maker’s stock closed at $450.50, down $63.51, or 12.4 percent. The stock is now down 36 percent from its all-time closing high of $698.91, hit in September of last year.
Apple trades on the NASDAQ stock index, which ended the day down 23 points at 3,130.38.
Meanwhile, Microsoft’s second-quarter numbers are out. The tech giant’s reporting a profit of 6.38 billion.
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