Apple’s stock price falls, holds back S&P 500’s record highs


Apple Inc. (AAPL.O), S&P 500’s largest constituent, has been in a great struggle these days with slowing demand for its iPhones in China.

Although Apple’s stock gained 1.98% on Thursday (biggest one-day rise since May), it is still down 26% from its own record high close of $133 set on February 23, 2015.

On the other hand, S&P 500 hit multiple record highs this week after more than a year-long wait on Wall Street.

Excluding Apple, the index would have gained 2.63% during that time, according to S&P Dow Jones Indices, and would be up 4.74% in 2016 instead of its actual 3.01% gain.

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Apple’s stock price falls, holds back S&P 500’s record highs

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