Tuesday, May 31, 2011

Apple (AAPL) Strength Helping a Lot of Indexes Today

Apple is the dominant being in most tech oriented indexes and many ETFs so the big (for it) move of nearly 3% is helping to push this market up.  The NASDAQ is leading all indexes here at the close of the day with a +1.2% gain.

It has been a rough month and a half for Apple, so one wonders if this is some tape painting to end the month.

Another day when a slew of poor economic data means nothing, and a weak dollar means everything.

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