“Tech stocks in the S&P 500 have risen roughly 10% in the past three months, more than twice the gains of any other group,” Kuriloff reports. “Apple has been a big driver of those recent gains. Excluding Apple would cut the tech sector’s monthly gain through Thursday from 1.5% to 0.2%, according to S&P Dow Jones Indices, which notes Apple remains the biggest company in the index by market cap.”
“Apple’s 6.7% climb between the new phone’s unveiling and Thursday’s close is the stock’s best performance over the past five years in the gap between the announcement and the launch, according to data from Bespoke Investment Group,” Kuriloff reports. “Since the iPhone first was unveiled in 2007, shares have gained a median of 4.3% in that window, climbing seven times and falling three, Bespoke says.”
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