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Amazon takes over from Apple as biggest price prop on S&P

Up 67% so far, the online retailer has contributed the most to mitigating losses in the index this year due to its perceived haven status

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Amazon, which gets 57 per cent of its revenue from North America, is less exposed to global growth than its peers.

London

LAST year, failing to own Apple Inc was the most painful mistake a US equity fund manager could have made. This year, that distinction goes to Amazon.com Inc.

Up 67 per cent in 2015, the online retailer has contributed the most to mitigating losses in the Standard & Poor

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