Apple Inc.’s stock is rallying 0.8% in midday trade Wednesday, to extend the 1.7% surge in the previous session, but is lagging the post-Brexit bounce in the broad stock market. The technology behemoth’s stock has now climbed 2.5% since Monday, while the Dow Jones Industrial Average has climbed 2.9%, the S&P 500 has run up 3.3% and the Nasdaq Composite surged 3.9%. But underperforming on the way back up is the price investors should be surprised to pay, when a stock outperforms on the way down. In the two sessions post Brexit, Apple’s stock had dropped 4.2%, while the Dow slumped 4.8%, the S&P 500 shed 5.3% and the Nasdaq Composite slid 6.4%.
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From:: Stock Market News