Apple Is What Ails Big Stock ETFs, Not the Fiscal Cliff

From Focus on Funds
December 26, 2012 - 2:34pm

The SPDR S&P 500 ETF (SPY) is up a hair since the election. Pundits have been yakking nonstop about Washington’s fiscal cliff since then. Clearly the two must be related. Or not. Apple (AAPL) is down about 10% since the election. The stock makes up nearly 4% of the S&P 500 ETF, which is more than [...]

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