Apple Inc. stock jumped at the open of trading Tuesday morning, pulling the world's most valuable company out of bear market territory. Apple shares opened up 7.7% AT $111.07 after falling as low as $92 in a tough day of trading on Monday. Apple had fallen into bear market territory last week, defined as 20% or more below a stock's peak price, but was helped Tuesday by analysts saying fears about the tech giant's sales in China were overblown including a note from Wells Fargo that said the correction was "overdone." Apple is still down more than 17% from its peak price.
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