No one expects the Fed to alter their course towards higher Fed fund rates. However, some money mangers were worried that the Fed might hike rates a full half point later this month, rather than maintaining their cautious quarter point pace. Because of today's mild unemployment data, a half point interest rate hike now seem highly unlikely. Today is AAPL's third day of trading well above the old pre-Wednesday record high of 119 dollars. The gains made were broad and included many of the much beaten down bellwether stocks after the 1700 point slide from the Dow's high in December.
Some analysts feel that a bottom has been reached for the industrials.
2.1 billion shares traded hands. The Russell 2000 also hit a new high today. The Labor Department said that winter storms caused weather sensitive industries to slow down the pace. Construction industries lost 26,000 jobs in February and less jobs were added in other sectors than forecast. For other stories regarding Apple's stock activity, visit our Apple Stock Watch Special Report .