I believe that Wednesdays Apple gains of stock were enough to prove Apple’s dominance in the stock market. When the news came out that Apple had an insanely great quarter, it’s stocks exited correction mode and went back to its usual rising mode. Apple stock jumped 8.9% at the end of the day and 10% by the end of the week. The $49 share raise on Wednesday was the biggest one-day raise in terms of money in Apple’s history. The percentage was the most they had seen in 3 years. Apple’s market evaluation gained $50 billion dollars that day to $570 billion dollars. This amount is more than Google, HP, Microsoft, Dell, and Yahoo combined. This stock is now enough to single-handedly uplift or destroy the Stock Market, depending on the circumstances. The Nasdaq and S&Ps both reported significant increases whenever Apple increases. Before Wednesday, Apple’s stock wasn’t doing so hot having dropped 12%. Trust me, this had a huge impact on the market. The Nasdaq and S&P both reported losses whenever this happened, in fact the whole market was on the down swing. Apple’s shares have increased 51% this year. In January, Apple’s next competitor in the MVP line, Exxon was in the lead. However, since then, Apple has widened its gap between it and Exxon. Apple now has a $160 billion lead over Exxon, making it the most valuable company in the world. How a electronics company overtook a gasoline company, I don’t know. It must have been really difficult. If Apple weren’t around to influence the market, it wouldn’t look as good as it does with Apple. At a time like this, the Stock Market needs Apple. It needs it to be better. Apple has a positive future and with Apple in the Stock Market, so does the Stock Market.
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