Hickey and Walters (Bespoke) submit: As the biggest stock in the world, Exxon Mobil (XOM) has a huge impact on the performance of widely followed cap-weighted stock market indices like the S&P 500. After Tuesday's $3.23 gain (its first gain of more than $3 since March 2009), XOM is up just under 50% since the S&P 500 made its 2010 correction low last July. As shown below, the stock has basically gone straight up in recent months.
(Click charts to enlarge)
As noted above, Exxon Mobil is currently the biggest company in the world. Its current market cap is $423 billion. We
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