The world’s largest tech stock had a rough December, falling four weeks straight. It continued that decline on the first trading day of the year, falling another 4%. 🙃
As we head into the new year, many investors are watching Apple for clues about how the sector and broader market will perform. Given its weighing in the major indexes, exposure to global supply chains, and overall size as a company, it’s clear why.
With today’s move lower, the stock’s market capitalization fell back below $2 trillion. Some analysts suggest this means investors believe that there’s more pain ahead for the stock market and economy. Others see the recent pullback from all-time highs as an opportunity to buy the company long-term. 🤷
Who is ultimately right remains to be seen. But what’s clear is that $AAPL will be on everyone’s radars for the foreseeable future. 👀
