The tech giant said this green bond's purpose is to show that businesses are still committed to the Paris climate agreement even if President Trump isn't. Apple CEO Tim Cook was one of several executives who directly appealed Trump to stay in the agreement.
"Leadership from the business community is essential to address the threat of climate changed," Apple's VP of environment, policy and social initiatives Lisa Jackson said.
Apple issued its first green bond of $1.5 billion over a year ago in response to the 2015 Paris agreement. It was the largest issued by a U.S. corporation.
The tech company's stock were up 0.8% to $146.59 on Tuesday at the market close.
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Nvidia underwent a "key reversal" on Friday that could send the stock plunging another 36%, BMO technical analyst Russ Visch said in a new note. Visch points out that normally, these pullbacks tend to lead to the stock falling back to its 200-day moving average. In the case of Nvidia, the 200-day moving average is $96.70, or $36% below Monday's closing price of $149.97. "Considerable downside risk exists here," said Visch.
On Friday, shares of Nvidia were off to another big rally, hitting new all-time highs of $168.50 following an analyst pontificating the stock could surge to $300. But the party abruptly ended Friday afternoon and continued into most of Monday's trading session. The reversal in one of the hottest tech stocks around spooked the market, pressuring shares of other high-flyers in the space such as Amazon (AMZN) - Get Amazon.com, Inc. Report and Apple (AAPL) - Get Apple Inc. Report .
Apple and innovation: The reality of the here and now is that the public and would-be buyers of Apple's stock harbor greater doubts about Apple's ability to innovate than in many years, reportsTheStreet. Apple did nothing to quiet those concerns by introducing its new voice activated speaker, sources explained to TheStreet.
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