Yesterday afternoon, I posted a list of how some of the most prominent stocks fared in Wednesday’s mammoth selloff.
Given today’s equally dramatic rally, I thought the list deserved an update–I’ve added just one stock, Microsoft (MSFT), which I inexplicably forgot to include yesterday.
The Apple (AAPL) spring rally has been almost entirely deleted.
Pressured by a combination of concerns over the health of CEO Steve Jobs, disappointment with the latest round of iPod product announcements and the company’s caution on near-term gross margins, combined with worries about weakening PC demand in the face of a struggling economy, the shares have been ratcheting steadily downward since mid-May.
So, there are a couple of ways to think about Google’s (GOOG) big post-second-quarter sell-off this morning. For starters, as I noted last night, there seems to be increasing evidence that online advertising is actually feeling the effects of the slower economy.
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