Apple (AAPL) Stock: Stays Steady During Congressional Grilling

Wall Street does not seem to care about the current testimony in Congress, with little change to Apple's stock price during Tuesday morning's trading going into the afternoon.

It is unlikely barring some kind of atomic bombshell during testimony that the stock price will significantly increase or decrease due to the congressional hearing. Absent any actual action or very controversial information the hearing is just being seen as words. They are particularly illuminating words to legislators and regulators but until some kind of action is initiated, Wall Street will probably view it as just hot air.


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Gabriel Rodriguez

Gabriel Rodriguez is currently studying for a Masters in Applied Economics at Georgetown. He is a graduate of New College of Florida with a degree in Economics. He is interested in econometrics, statistical analysis, behavioral economics, and developmental economics.

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