Apple stock jumps into record territory, defying the broader market selloff


Shares of Apple Inc. AAPL, +2.50% stuck out like a sore thumb Tuesday, as they rallied 2.0% toward a record close in afternoon trading, to be the only one of 30 Dow Jones Industrial Average DJIA, -1.72% components to be gaining ground. Meanwhile, the Dow tumbled 635 points, or 1.8%, and was now 5.3% below its Nov. 8 record close of 36,432.22. Apple’s stock has run up 9.1% in November, the biggest monthly gain since it rallied 9.9% in June, and compared with the Dow’s monthly decline of 3.7%. Apple’s stock is the best Dow performer this month, and one of just five Dow stocks that have gained ground in November, with Home Depot Inc.’s stock HD, -1.06% second best with an 8.5% monthly gain. Meanwhile, Merck & Co. Inc.’s stock MRK, -0.53% was the Dow’s worst monthly performer with a 15.5% tumble.

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