Apple Inc. shares decline amidst overall market downturn
- Apple Inc. stock falls 1.35% on Wednesday
- NASDAQ Composite Index and Dow Jones Industrial Average also decline
- Apple Inc. closes $27.13 below its 52-week high
- Mixed performance compared to competitors
Shares of Apple Inc. fell 1.35% to $171.10 on Wednesday, as the stock market experienced a dismal trading session. The NASDAQ Composite Index dropped 2.43% to 12,821.22, while the Dow Jones Industrial Average declined 0.32% to 33,035.93. Despite the decline, Apple Inc. still outperformed the market, closing $27.13 below its 52-week high of $198.23. In comparison to its competitors, Microsoft Corp. rose 3.07% to $340.67, while Alphabet Inc. Cl C and Alphabet Inc. Cl A both fell significantly by 9.60% and 9.51% respectively. The trading volume for Apple Inc. remained slightly below its 50-day average volume. Please note that this story was auto-generated by Automated Insights using data from Dow Jones and FactSet.
Public Companies: Apple Inc. (AAPL), Microsoft Corp. (MSFT), Alphabet Inc. Cl C (GOOG), Alphabet Inc. Cl A (GOOGL)
Private Companies:
Key People:
Factuality Level: 8
Justification: The article provides factual information about the stock market performance of Apple Inc. and its competitors. The information is based on data from Dow Jones and FactSet, which are reliable sources. However, the article does not provide any analysis or context for the stock market performance, and it includes unnecessary details about the performance of other companies that are tangential to the main topic.
Noise Level: 3
Justification: The article primarily focuses on the stock market performance of Apple Inc. and its competitors. It provides information on the percentage change in stock prices and trading volume. However, it lacks thoughtful analysis, scientific rigor, and actionable insights. The article also includes irrelevant information about the performance of other companies and a disclaimer about its automated generation.
Financial Relevance: Yes
Financial Markets Impacted: The stock market as a whole was dismal, with the NASDAQ Composite Index and Dow Jones Industrial Average both falling. Apple Inc. specifically saw a decline in its stock price.
Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article discusses the decline in Apple Inc.’s stock price and the overall negative performance of the stock market. There is no mention of any extreme events or significant impacts.
