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> Apple shares rose 0.9 percent to $111.07 at 11:03 a.m. in New York Monday. I wish business articles would cease the silly habit of quoting the stock price as
by computator 10y ago
> Apple shares rose 0.9 percent to $111.07 at 11:03 a.m. in New York Monday.
I wish business articles would cease the silly habit of quoting the stock price as if it has anything to do with the story. They're implying that the shares rose because Apple dropped wireless routers.
A 1% change in the stock price is completely normal and random day-to-day fluctuation for any large company. Even if it were a 5% change, you still couldn't say what caused it unless you went out and spoke to the buyers and sellers. It could be due to something completely unrelated like the whole market experiencing a rally or a sell off.