Apple Rebounds, Moves Out Of Bear Market Territory
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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