Apple Is Supercharging an 'Everything Rally'

Pretty much everything was rallying on Monday, but Apple stock more so.

With the S&P 500 up 1.2%, roughly 423 stocks in the index were on the rise. The Dow was up 550 points, or 1.2%. The Nasdaq Composite was up 1.5%.

Despite stellar breadth, the standard market-cap weighed S&P 500 was beating the Invesco S&P 500 Equal Weight ETF. That’s where Apple comes in.