Nasdaq-100 Has Biggest Advance in 2012 as Apple Jumps
The Nasdaq-100 Index jumped 2.7 percent to 2,709.62 at 4 p.m. New York time. The Standard & Poor’s 500 Index added 1.4 percent to 1,390.69. The Dow Jones Industrial Averagerose 89.16 points, or 0.7 percent, to 13,090.72. Apple (AAPL) is not a member of the 30-stock gauge. About 6.8 billion shares changed hands on U.S. exchanges, almost in line with the three-month average.
Bet you the dopey bastards who select the components for the Dow now which they had Apple in there……..
I can’t work out why anyone watches the Dow any more. It is unrepresentative and suffers from extreme survivor bias yet there it is every day on the news as if it really means something