Even after plunge, Apple stock added more this year to S&P 500 than Microsoft’s value

How much of a monster is Apple’s stock? I wrote about the rise of Apple’s stock and Google’s stock earlier this week. Of course, Apple has just had the week from hell, watching its stock fall from $700.09 to $667.10.

But even with that, check out this data from Howard Silverblatt, senior index analyst for S&P Dow Jones Indices. In his regular email newsletter, Silverblatt notes, first, that: “AAPL off 5.0% from its high, but up 64.7% YTD.”

But then Silverblatt goes on to list other notable Apple milestones:

  • “Apple has added $246 billion to the S&P 500 this year, which is the index market value of Microsoft ($225B; full non-float adjusted value of $250B)”
  • “Prior in the month Apple was trading at $695 per share, with a total market value of $651.5 billion.  When I started at S&P in May of 1977 the entire market value of the S&P 500 was $623 billion.”
  • The S&P has gained 14.56 percent this year; Apple accounts for 12.84 percent of that.

We’ll see if Apple has hit the floor when trading starts again on Monday. But even with the stumbles this year, the stock’s performance has been nothing short of astonishing.

 

 

Tags: , ,

 

Share this Post



 
 
 
 
 
css.php