The stock market bounced around a bit on Tuesday, but by 12:55 p.m. EST it was little changed from the start of the day. The Dow Jones Industrial Average was down 0.09% at that time. The tariffs set to take effect on Dec. 15 are still on the schedule, although a postponement is possible.
Shares of Apple (NASDAQ: AAPL) were up on Tuesday after an analyst had positive things to say about iPhone sell-through rates this holiday season. Meanwhile, Microsoft (NASDAQ: MSFT) stock was roughly flat as Amazon (NASDAQ: AMZN) laid out its case for why the JEDI cloud contract was awarded unfairly.
While Apple may never sell quite as many iPhones as it did a few years ago, the iPhone 11 family appears to be doing better than last year's effort. KeyBanc analyst John Vinh concluded from checks of carriers in North America and Western Europe that holiday iPhone sell-through this year was in line with historical levels. A price cut for the entry-level model is likely helping -- the iPhone 11 goes for $699, compared to the $749 starting price of the last-gen iPhone XR.