“Apple Inc. has fallen victim to the ‘Curse of the Dow,'” Kristen Scholer reports for The Wall Street Journal.
“Friday marks the three-month anniversary of Apple’s inclusion in the Dow Jones Industrial Average. It hasn’t exactly been a stellar three months for Apple’s stock,” Scholer reports. “The old Wall Street adage about the supposed ‘curse’ goes as follows: Companies typically rally in the months leading up to their addition to the Dow 30, but underperform in the months that follow.”
Scholer reports, “‘The ‘Curse of the Dow’ is alive and well,’ said Nick Colas, chief market strategist at Convergex, referring to Apple’s performance.”
Read more in the full article here.
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