This translation has been automatically generated and has not been verified for accuracy.Outsized stock price gains for Apple Inc and Microsoft Corp mean the two tech titans’ shares have attained unusual status: a combined weight of 10% of the benchmark S&P 500 index.
Apple and Microsoft together have a greater weight in the S&P 500 than seven of its 11 industry sectors, including the consumer discretionary and industrials groups. Indeed, four stocks - Amazon, Google parent Alphabet, along with Apple and Microsoft - accounted for two-thirds of the S&P 500’s gain so far in 2020, DataTrek Research said in a note on Monday. The index is up 4.4% year-to-date.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: