Tech stocks tumbled last week, led lower by shares in Apple. But now the tech giant's stock is rising to start a new trading week.
The fortunes of Apple, the world’s largest public company, have a tendency to lead around much of the rest of the stock market. After the tech giant’s woes contributed to widespread declines last week, investors can now breathe a sigh of relief.
Apple’s woes weighed heavily on the whole stock market given the company’s weighting in the S&P 500 index, with the tech-heavy Nasdaq index slammed amid losses among other groups exposed to China.
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