Apple shares snapped an 11-day winning streak Wednesday, coming up just short of matching a record run. Apple shares remain ever-so-slightly in positive territory on the year despite Wednesday’s drop.
For a brief period Wednesday morning, Apple shares AAPL, -0.66% were ahead and looked on pace to tie their record 12-session winning streak from 2003, but they turned south later in the morning and never climbed back into positive territory.
Modern-day investors can rest easier, though, knowing that Apple’s 11-day run yielded $462 billion in market-cap gains, nearly 70 times the company’s entire market value at the end of its May 2003 streak. That total cap gain is larger than the total market caps of all but 10 members of the S&P 500 index SPX, -0.63%, according to Dow Jones Market Data.
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