Here’s my chart for today. I’ll talk about it shortly after 3:30 p.m. Eastern (12:30 p.m. Pacific) on the Bloomberg Businessweek radio show. Also, I’ll present my Stock of the Day just after 4:05 p.m. (1:05 p.m.) on the radio and later on social media. You can hear me on Bloomberg Radio or see me at Bloomberg Global News on YouTube. Earlier charts are on my Tumblr page.
As Apple Inc. surges above $2 trillion in market value, another potential milestone lies ahead for the iPhone maker: exceeding the value of the entire Russell 2000 Index. The gap between Apple and the barometer of smaller U.S. companies shrank as much as 78% this year to a low of $256 billion, according to data compiled by Bloomberg. “It’s pretty amazing that there’s such a narrow spread between the market cap of one company and an entire index,” Bespoke Investment Group LLC wrote in a blog post last week. Apple’s value rose 52% for the year through Tuesday as the Russell’s fell 7.5%.
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