Apple Drag Deepens

22%its chance, of the story’s futures

−0.2%on the S&P 500, if it happens

Apple’s lower holiday margin outlook could remain the main stock-specific overhang even if the broader Nasdaq stabilizes. Because Apple is a large index weight, a continued slide can limit the upside for the Composite without necessarily derailing the entire technology rally.

What it moves

Technology−0.2%
Consumer Cyclicals−0.1%

Sectors in percent; other series by direction only.

Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.

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