Dear Chart of the Day Fan:
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.
Thanks for your interest. It’s appreciated.
Apple Inc. and Microsoft Corp. count almost as much in the S&P 500 Index as all its banks, insurers and other financial companies combined. The makers of iPhones and Windows software amounted to 12.6% of the S&P 500’s value as of Thursday, according to data compiled by Bloomberg. Their weight approached the 12.9% for the 66 companies in the S&P 500 Financials Index plus Visa Inc., Mastercard Inc. and PayPal Holdings Inc., classified as technology stocks. The comparison was made by Jonathan Krinsky, chief market technician at Bay Crest Partners LLC, in a note Thursday.
Stocks Editor, Bloomberg RadioEditor, Chart and Stock of the DayStock of the Hour, Bloomberg Television
Author, Visual Guide to Financial Markets