Apple Nears 2-Year Lows, but This Dow Jones Stock Just Hit All-Time Highs

The stock market continued to limp toward the end of the year, and it appeared increasingly unlikely that Wall Street would be able to mount a successful rally to build momentum into 2023. Gains from early Wednesday turned into losses across the board for major market benchmarks, with the Dow Jones Industrial Average (DJINDICES: ^DJI) giving up a modest rise to fall nearly 200 points by midday.

For a long time, Apple (NASDAQ: AAPL) seemed impervious to the decline in high-growth technology stocks, as its consumer-favorite electronics products continued to draw strong demand even under tough economic conditions. Lately, though, Apple hasn't been able to avoid the drawdown in large-cap tech stocks, and its share price is now approaching levels not seen in nearly two years since early 2021.

Yet even as Apple faces pressures, fellow Dow component Travelers (NYSE: TRV) hit all-time highs on Wednesday. Here's a closer look at both stocks.

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Source Fool.com