Apple, Alphabet And Advanced Micro Devices: Lack Of Higher Highs

The July consumer price index came in lower than previous months, but a few big-name tech stocks failed to get all that excited about the news. It might be that expectations about the metric had already been baked into prices. Also, it’s not exactly a certainty that the Fed will stop with the interest rate hikes.

Apple
AAPL
ended the week up by .01%, Alphabet
GOOG
closed up by 4.98% and Advanced Micro Devices
AMD
ended it with a 2.45% increase. It’s good to have up weeks, of course, but with the “inflation is cooling” news, you might think that it would be enough to break above the earlier June/July highs — but no.