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Apple and Other Big Tech Stocks Are Tumbling. Why the Dow Is Rising.


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People shop at the Fifth Avenue Apple Store during the launch of Apple’s new iPhone 13 and iPhone 13 Mini on September 24, 2021 in New York City.


Spencer Platt/Getty Images

Apple stock is falling, as are the rest of the Big Tech gang. The Dow Jones Industrial Average, however, is rising because rising bond yields indicate that investors are feeling more confident about the economic recovery. 

Apple (AAPL) and the Nasdaq-100 are falling 1.4% and 1.1%, respectively. That index contains 100 of the largest capitalization stocks on the Nasdaq composite, including Microsoft (MSFT)—down 1.3%—Amazon.com (AMZN)—down 2.1%—and Facebook—off 0.7%.

There…


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