The rise of Apple shares over the last few years was meteoric. Their fall over last few days has been traumatic. But these gyrations may not matter much to the overall stock market.
They will matter, of course, if you lost money as Apple dropped from $702 in September to $439.88 on Friday. And the companys struggles may be of more than passing interest even if you never intend to own any of its shares.
Apple remains a colossus, even if Exxon Mobil surpassed it as the most valuable publicly traded company in the world on Friday, exactly one year after iPhone sales propelled Apple to the top spot. Still, all of those iPhones, iPads and other gadgets make Apple matter in many households.
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Apple Is Not a Bellwether