Apple Poised for New Milestone as S&P 500’s Heavyweight Champion
- Stock accounts for nearly 5% of the benchmark’s weighting
- Microsoft is also approaching the 5% weighting threshoold
Shoppers look at products at the Upper West Side Apple store in New York.
Photographer: Michael Nagle/BloombergThis article is for subscribers only.
Apple Inc. is about to do something that only two other companies have done since 1990: make up more than 5% of the S&P 500 Index.
Entering Thursday’s trading, the iPhone maker accounted for 4.99% of the index’s weighting. If it passes 5%, Apple would be the first company to have that much market influence since Exxon Mobil Corp. in March 2009, according to data compiled by Bloomberg.