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Trading Apple vs Facebook
Marisa Krystian | May 21, 2012 5:35pm EDT | 1min:33sec
Stocks rose more than 1 percent on Monday (May 21), with the S&P 500 snapping a six-day losing streak in a rebound from equities’ biggest weekly drop in almost six months, but Facebook slumped in its second session after a disappointing debut.
Tech shares were among the day’s biggest gainers, with an S&P sector index surging 2.8 percent on the strength of Apple Inc.
Shares of Apple climbed 5.8 percent to $561.28 (USD), leading the Nasdaq to its biggest one-day percentage gain since December 2011. Continue reading
