Why Apple Stock Gained as Tech Stocks Tumbled Tuesday – Barrons

Apple shares were one of the few bright spots as markets sold off sharply on Tuesday, with almost every other major tech stock trading in the red.

Susquehanna Financial Group derivatives analyst Christopher Jacobson points out in a research note that Apple shares had their widest outperformance versus the Nasdaq Composite index on non-earnings days in more than eight years. He theorizes that an increase in retail participation in the stock and related calls “may have helped to exacerbate” a flight-to-safety move that benefited…

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