The Dow would be 1,100 points lower from current levels if Apple and Microsoft weren’t part of the index. Throughout 2019, Apple added more than $430 billion to its market cap and Microsoft added nearly $370 billion, CNBC’s Mike Santoli pointed out on Monday afternoon. Looking forward to 2020, there’s reason to believe both tech giants will continue rallying according to Ari Wald, head of technical analysis at Oppenheimer.
Why The Dow Jones Industrial Average Owes Apple And Microsoft A Big Thanks
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