Skip to main content
Publish date:

Closing Bell: Apple at Record High; Dow Snaps Eight-Session Losing Streak as Financials Rise

The Dow Jones Industrial Average snapped an eight-session losing streak today, its longest stretch of losses in six years.

The Dow Jones Industrial Average snapped an eight-session losing streak today, its longest stretch of losses in six years. Energy and financials helped all benchmark indexes close out the day at session highs. Tesla (TSLA) - Get Tesla Inc Report rose after a disclosure showed Hong Kong-based Tencent acquired a 5% stake in March. Tencent purchased just over 8 million shares for roughly $1.8 billion. Apple (AAPL) - Get Apple Inc. (AAPL) Report rallied to a new record close after UBS reiterated its support. The firm said Apple could conceivably trade as high as $200 over the next few years, 40% above current levels. Red Hat (RHT) - Get Red Hat, Inc. Report rallied after exceeding quarterly revenue estimates and guiding for full-year earnings above consensus. Sales over its recent quarter jumped nearly 16%.

TheStreet Recommends