Apple stock has been in a downward trend this week after the company reported quarterly results.
The stock fell more than 3% after the quarterly results were released on Friday, as investors expected Apple to announce a new iPhone, and the company was expected to report earnings that were lower than expected.
But Apple’s stock rebounded, climbing almost 5% to $738.70 by 2:00 p.m.
ET on Friday.
Apple’s stock has lost about 30% of its value in the past five years, but analysts say the company is likely still a good investment.
The Dow Jones Industrial Average has been on a steady decline for the past several months, as tech stocks have suffered.
