Apple’s Big Rally Gives Stock Bulls Something to Cheer About

(Bloomberg) — For investors trying to decipher if the stock market rebound has staying power, Apple Inc. holds a clue.

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The world’s most valuable company has the biggest influence in the S&P 500 Index and its participation in the market-capitalization weighted benchmark is essential to any sustainable rally. Apple shares beat the S&P for a ninth-consecutive week and have helped fuel a 22% rebound in the tech-heavy Nasdaq 100 from a June low.

Apple is a so-called…

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