Early Thursday, Apple Inc. has emerged as the most talked about product on Reddit’s r / WallStreetBets forum. What happened: With 686 mentions as of press time, the SPDR S&P 500 ETF Trust is seeing higher interest on the conference, followed by Apple’s technology giant with 294 members, data from Quiver Quantitative show.
Electric car manufacturer Tesla Inc. and the biopharmaceutical company Moderna Inc. are in third and fourth place, with attractions 225 and 142 mentioned, respectively.
Why Important: Apple shares closed higher on Tuesday even as other technology stocks fell amid broader market sales due to concerns about the new Omicron COVID-19 variant.
Tim Cook’s company was seen as a safe haven despite market uncertainty after Federal Reserve chairman Jerome Powell said the central bank would discuss the potential acceleration of its monthly asset purchases.
Apple iPad sales grew 33% in Western Europe in the third quarter of this year even as the market declined 20% year on year, according to a report by Apple Insider.
Price Index: Apple shares closed nearly 3.2% higher during the normal trading session Tuesday at $ 165.30 and further up 0.8% during the hours following to $ 166.64.