MARKET WATCH
THE MARKETS NEWS AND ANALYSIS BLOG
It’s back to school time, so here’s a quiz, courtesy of Howard Silverblatt, senior index analyst at S&P Dow Jones Indices LLC.
Pencils ready? Go!
Which is greater, the market value of the public companies in the following 16 countries in the S&P Global Broad Market Index or Apple Inc.? Morocco; Hungary; Czech Republic; Greece; Egypt; New Zealand; Portugal; Peru; Luxembourg; Austria; Ireland; Philippines; Colombia; Poland; Turkey, Israel.
If you said Apple AAPL -0.03%, you get an “A.” The company’s $631 billion market value exceeds the combined $601 billion value of the markets in these 16 countries.
Bonus question: Which is greater, the market value of the companies in the following 10 countries in the S&P Broad Market Index or Apple’s year-to-date market value gain? Morocco; Hungary; Czech Republic; Greece; Egypt; New Zealand; Portugal; Peru; Luxembourg, Austria.
Apple is the correct answer. The shares have gained $255 billion in market value this year while the 10 country markets have a combined market value of $225 billion.
Moreover, Apple represents 1.9% of the S&P Broad Market Index of 20 emerging markets and 26 developed markets, and accounts for more than 9% of its 8.4% return so far this year.
– Jonathan Burton
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