Trading Jabs.
U.S. markets found themselves heavily impacted last week by a number of decisions made from beyond its shores. The United States and China continue to trade jabs, particularly at each other’s tech giants and it’s having an effect on the stock market.
Apple stock (AAPL) is probably the largest holding in most investors’ total market and large cap fund portfolios and it fell hard, swiftly shedding over $200 billion in market value following Wednesday’s report that China now plans to expand its ban on the use of iPhones to government workers at state firms and agencies.
Apple currently earns…
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