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Market Preview: Tough Times for Bears

And finally, Monday's after-hours session had a tech-heavy feel to it. The biggest mover was AMD (AMD - Get Report), which was under heavy selling pressure after announcing the abrupt resignation of Thomas Seifret as chief financial officer.

The no. 2 chip maker behind Intel (INTC) said Seifret, who joined AMD in 2009 and served as interim CEO in 2011, is leaving to pursue other opportunities. The stock was last quoted at $3.60, down 10.2%, on volume of 1.71 million, according to Nasdaq.com.

Meantime, Apple (AAPL - Get Report) was making waves in late trades after the iconic company saw its shares crest above $700 for the first time ever in extended trades.

The stock ran as high as $701.79 -- a new all-time peak -- after the bell, and last traded at $701.44, up 1.7%, on volume of more than 530,000. The move follows a 1%-plus jump in regular trades after Apple confirmed the iPhone 5 was an unmitigated success, selling more than 2 million units during its first 24 hours of pre-orders.

-- Written by Michael Baron in New York.

>To contact the writer of this article, click here: Michael Baron.
Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.
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SYM TRADE IT LAST %CHG
AAPL $123.38 0.50%
AMD $1.77 9.26%
FDX $169.43 2.85%
FB $95.29 1.19%
GOOG $628.00 0.12%

Markets

Chart of I:DJI
DOW 17,630.27 +189.68 1.09%
S&P 500 2,093.25 +25.61 1.24%
NASDAQ 5,089.2060 +49.43 0.98%

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