Shares of Apple Inc.
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
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
second best with an 8.5% monthly gain. Meanwhile, Merck & Co. Inc.’s stock
was the Dow’s worst monthly performer with a 15.5% tumble.
Famed short seller Jim Chanos said Monday he's still betting against Tesla as competition in the electric vehicle market ramps...