Why It Matters: Apple’s shares closed higher on Tuesday even as tech other stocks fell amid a broader market selloff due to worries about the new Omicron COVID-19 variant.
Electric vehicle maker Tesla Inc. and biopharmaceutical company Moderna Inc. are in the third and fourth positions, having attracted 225 and 142 mentions, respectively.
The Tim Cook-led company is seen as a safe haven despite the market uncertainty after Federal Reserve chair Jerome Powell said that the central bank will be discussing a potential acceleration of its monthly asset purchase tapering.
Price Action: Apple shares closed almost 3.2% higher in Tuesday’s regular trading session at $165.30 and further rose 0.8% in the after-hours session to $166.64.
Apple’s iPad sales grew 33% in Western Europe in the third quarter of this year even as the market declined 20% year-over-year, according to a report by Apple Insider.