Tuesday, May 30, 2017

Apple sheds `curse of the Dow,' leads average's gain

Apple Inc. has overcome the “curse of the Dow,” according to Nicholas Colas, chief market strategist at Convergex Group LLC. This month brought a reversal for the iPhone maker, which had trailed the Dow Jones Industrial Average most of the time since being added in March 2015. As Apple moved ahead, the stock became the biggest contributor to the Dow’s gain this year, according to data compiled by Bloomberg. Colas highlighted the performance in a report Friday.

No comments:

Post a Comment