Apple Inc. rebounded on Tuesday, breaking an eight-day losing streak after Chief Executive Tim Cook talked up the company’s future growth potential in an interview with CNBC’s Jim Cramer late Monday. The stock rose 1.6% to close at $95.18, after a 13% retreat over eight sessions, its longest run of consecutive losses in 18 years. The stock, which soared 38% in 2014 on iPhone’s success, fell 4.6% in 2015 and is off nearly 10% year to date. During an appearance on CNBC, Cook said the market overreacted to Apple’s disappointing earnings and dismissed fears about flagging iPhone sales in China.
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From:: Stock Market News