The action in Apple's stock tells you everything you need to know about this market, says Jim Cramer

The action in Apple's stock tells you everything you need to know about this market, says Jim Cramer

5 years ago
Anonymous $L9wC17otzH

https://www.cnbc.com/2018/12/10/cramer-apples-stock-tells-you-all-you-need-to-know-about-this-market.html

As investors try to square conflicting reports on the state of the U.S. economy and U.S.-China trade relations, the action in shares of Apple has become a microcosm of the broader stock market, CNBC's Jim Cramer said Monday.

"In a way, Apple's the perfect metaphor for this moment," Cramer said as stocks swung higher after a wild trading session. Shares of the iPhone maker traded lower intraday on worries that a legal move by Qualcomm would stymie Apple's sales in China, but managed to launch a small rebound into the close.