The stock market was mixed and mostly unchanged in early trading as Apple (AAPL) stock rebounded a bit, up 0.4%.
The Dow Jones industrial average, S&P 500 and Nasdaq composite were mixed and mostly unchanged about one hour into the session.
The 10-year Treasury yield edged up 2 basis points to around 2.98%.
Apple Stock Down 5% Last Week
Apple had a bad week ahead of its May 1 earnings report. A cautious note from Morgan Stanley and a weak sales outlook from Taiwan Semiconductor Manufacturing (TSM) weighed. TSM is a big Apple supplier and cited weak smartphone demand.
IBD 50 Winners
Stamps.com is still in buy range from a 215.86 buy point after a low-volume breakout.
Shares of Alphabet rose 4% last week but ended just below the 10-week moving average. TD Ameritrade has a healthier chart as it carves a flat base with a 63.11 entry.
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