Apple (AAPL), Microsoft (MSFT) test new highs
15:38, 30 November 2021
Apple and Microsoft shares traded around record highs Tuesday, as investors flocked to well-known names in the face of a new Omicron strain of Covid-19.
AAPL rose 2.7% per share to reach $164.58, close to the 52-week high of $165.70 on 22 November. MSFT meanwhile touched a high of $337.78 in morning trading, well above the 52-week high of $349.67 set on 22 November.
The spread of Omicron has spooked markets in recent trading days on possible fears of new lockdown measures ahead in Western nations.
With new lockdowns come the possibility of work-from-home and an uptick in online communications usage, which was big business for the likes of Zoom Video Communications (ZM) and Peloton (PTON) which were among the 2020 stock lockdown winners.
ZM and PTON were both trading lower.
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Apple, Microsoft and Sony
Already a heavyweight in smartphones, laptops and media content Apple could be heading for the electric vehicle space, according to one analyst.
Microsoft is dominant in the PC software space with its Windows operating system rolling out an eleventh iteration plus a recent increase in pricing for its Office 365 software.
With supply issues ongoing, it's not yet clear if there will be more Xbox consoles or Sony PlayStations under trees this holiday season.
Shares of SNY were flat.
Read more: Apple shares - where are they heading?
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