Apple-Driven Stock Slump Shows U.S. Fortunes Tied to ‘Fab Five’
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Apple Inc.’s pull on benchmark U.S. stock indexes yesterday shows how much “Fab Five” companies are now responsible for the market’s performance, according to Peter Boockvar, chief market analyst at Lindsey Group LLC.
The attached chart shows how the five -- Amazon.com Inc., Apple, Facebook Inc., Google Inc. and Netflix Inc., identified by Boockvar in an e-mail yesterday -- compare with the Standard & Poor’s 500 Index this year.