Oct. 29, 2021

Apple And Amazon Both Down. The Mirror Image of Yesterday.

Apple And Amazon Both Down. The Mirror Image of Yesterday.

Well. As Wall Street breaks for Lunch, there are two stocks that are conspicuous for their decline.
The same two were higher all day yesterday when markets were also mixed. Today Amazon and Apple are both down nearly 3% at times, reflecting their not-so...


Well. As Wall Street breaks for Lunch, there are two stocks that are conspicuous for their decline.

The same two were higher all day yesterday when markets were also mixed. Today Amazon and Apple are both down nearly 3% at times, reflecting their not-so-great earnings.

It's become a truism on Wall Street: rally on the rumor, sell on the news.