Apple’s March to $3 Trillion Carries Virus-Risk Warning for S&P_老虎社区_美港股上老虎

Apple’s March to $3 Trillion Carries Virus-Risk Warning for S&P

Bloomberg2021-12-29

(Bloomberg) -- Apple Inc., whose shares serve as a real-time proxy for risk sentiment toward the pandemic, is near a $3 trillion market capitalization. If history is any guide, that milestone may ...

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jojoc
·2021-12-29
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JonLucky
·2021-12-29
It's either an Albatross or a Crow
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FlorCheah
·2021-12-29
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Amid thin volume, the stock market has posted broad gains this week, so attaining the next trillion-dollar threshold is within reach.\nThis comes in the face of Apple closing some stores in locations such as New York City, Los Angeles, Washington and London as the omicron variant spreads. Apple took a similar step in the summer of 2020, before the wide availability of vaccines. And when New York and some other cities were reopening, the virus was spreading to the South -- including to major GDP-contributing states like Texas and Florida.\nGiven that Apple’s products are largely luxury items, such a move served as a real-time indicator of consumer demand and foot traffic in stores. Apple shares reacted to these steps, and the broader market saw it as a proxy for the spreading virus. 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