“It’s not a bad day for stocks overall, but the largesse of Apple has the company dragging markets down,” Travis Hoium writes for The Motley Fool. “At 3:15 p.m. EST, the Dow Jones Industrial Average has gained a mere 0.21% on a day when little news hit the market. However, other indexes haven’t been so lucky. The S&P 500 is flat, and the tech-heavy Nasdaq is down 0.2% after Apple’s shares fell 3.3% on rumors of production cuts. Apple’s market cap of $475 billion weighs more heavily on these two indexes than other companies, because both indexes are weighted based on market cap.”

MacDailyNews Take: “Largesse?” You keep using that word. We do not think it means what you think it means.

“Given today’s big sell-off, now is as good a time as any to give Apple a closer look,” Hoium writes.

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