April 26, 2024

Daily Wrap

DJIA -42.47 (-0.30%) to 13,944.05; S&P 500 -2.73 (-0.18%) to 1,509.39; NASDAQ -3.35 (-0.11%) to 3,165.13 Apple Computers (AAPL) was thrust back in the news and by an interesting party on what I found an interesting story.  David Einhorn of Greenlight Capital stated that a legal action has been initiated against AAPL over the company’s refusal to unbundled three corporate governance proposals.  AAPL states that the action would break SEC rules.  Essentially what Einhorn really wants is for AAPL to start giving its stockpile of cash back to investors and is suggesting they do so by creating preferred stock that…