Apple’s stock prices are on the rise
Apple’s share price climbed to $96.83 on Wednesday as investors continued to rally after the company’s earnings release Tuesday.
The company’s stock rose more than 12% to $1,062.27 after it reported earnings, up from $1.064 on Tuesday.
The stock rose in a broad range of measures, including the Dow Jones Industrial Average, which rose 0.4%, while the S&P 500 gained 0.5%.
Wall Street was largely pleased with Apple’s performance as well, with the Dow falling 5.1%, the S.&:P 500 up 4.7%, and the Nasdaq gaining 1.4%.
Apple’s stock fell as much as 2% to a low of $961.63, after analysts cut their estimate for the company to $938.25 from $939.70.
Shares fell by about $100 after Apple’s earnings, though it still traded at a discount to the Dow.
Shares of Amazon, meanwhile, were trading up 0.6% at $13.70, while Netflix, Facebook, and Hulu all rose.