Shares of Apple Inc. sank 0.80% to $126.11 Thursday, on what proved to be an all-around favorable trading session for the stock market, with the NASDAQ Composite Index rising 0.78% to 14,020.33 and the Dow Jones Industrial Average rising 0.06% to 34,466.24. The stock’s fall snapped a four-day winning streak. Apple Inc. closed $18.98 below its 52-week high ($145.09), which the company reached on January 25th.
The stock underperformed when compared to some of its competitors Thursday, as Microsoft Corp. rose 1.44% to $257.24, Alphabet Inc. Cl A rose 1.13% to $2,435.13, and International Business Machines Corp. fell 0.09% to $150.54. Trading volume (70.6 M) remained 13.4 million below its 50-day average volume of 84.0 M.