Apple Bears Blamed for Recent Market Volatility
Submitted by Jon Reed on
Apple (NASDAQ: AAPL) stock has suffered several price swings in the past month and, according to a Bloomberg report, the bears are out in numbers and causing increased volatility in the market.

According to St. Louis-based Stifel Nicolaus & Co. money manager, Chad Morganlander, "Apple is the largest publicly traded company in the U.S. and it has great influence on every index it’s in.” In fact, it is so influential that a 1% drop in its value results in a 5 point loss for the Nasdaq 100 Index, according to Bloomberg reporters Joseph Ciolli and Callie Bost. It also results in a $6 billion drop in the company's market value.



