Stocks that are trading below $5 can be much more liquid than those that are higher-priced. That's just one reason why Apple and Tesla recently chose to initiate stock splits among a long list of perks, including that lowering share price increases investor demand for shares.
The S&P 500 Index (SNPINDEX: ^GSPC) gained 0.34% on Friday, August 21. Closing at 3397.16, the index of 505 stocks that makes up the vast majority of the U.S. stock market's value, ended the week at an all-time high, after returning to record levels on Tuesday.
By all appearances, the stock market continued to look healthy on Friday. Investors sent the Nasdaq Composite and the S&P 500 (SNPINDEX: ^GSPC) to new records, and the Dow Jones Industrial Average (DJINDICES: ^DJI) enjoyed the largest gains among major market benchmarks on a
What happened
Shares of Apple (NASDAQ: AAPL) jumped more than 5% to a new closing high of $497.48 on Friday, furthering the tech stock's post-earnings -- and pre-split -- gains.
All major indexes solidified their gains on Friday to close out a record-breaking trading week on a high note. The Dow was able to build off yesterday's close, ending the day with a 200-point gain as Apple (AAPL) continued to climb the charts. Meanwhile, the S&P 500 raced
The Nasdaq Composite (NASDAQINDEX: ^IXIC) finished the week with another record run, reflecting the seemingly unending bullishness for tech stock investors. Whether you're looking at tried-and-true giants in the sector or young upstarts aiming to disrupt their industry niches, t
Apple Inc on Friday alleged that Epic Games' chief executive had asked it for a "side letter" to create its own game store within the iPhone maker's App Store, which Apple said would have upended the store's commission-based business model.
Apple Inc on Friday asked a federal judge in California to deny a request by "Fortnite" maker Epic Games to be kept in the iPhone maker's App Store as a dispute between the two over Apple's in-app payment rules plays out.
The Dow Jones Industrial Average (DJINDICES: ^DJI) was up 0.4% as of 1:30 p.m. EDT following positive economic news from the housing market. U.S. sales of previously owned homes increased by the most on record in July, rising to the fastest pace since 2006. Despite the COVID-19
When Apple's (NASDAQ: AAPL) market capitalization crossed $1 trillion for the first time in 2018, few investors likely imagined the company adding another trillion dollars of value to its name over the next two years. But it happened.
Wall Street's main indexes inched higher on Friday, with the tech-heavy Nasdaq on track for another record close, as the latest data pointed to some pockets of strength in the U.S. economy.
Wall Street's main indexes nudged higher on Friday with the tech-heavy Nasdaq notching another record high, as data highlighted the pockets of strength in the U.S. economy.
U.S. stock indexes eked out gains on Friday, supported by Apple's shares, while data showing business activity snapped back to the highest since early 2019 also lifted the sentiment.
Facebook Inc on Friday pushed for legislation that makes it easier for users to transfer photos and videos to a rival tech platform, in comments it sent to the Federal Trade Commission ahead of a hearing on the topic on Sept. 22.
Reuters
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