Apple, Microsoft and market capitalization
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Microsoft and Apple are now worth over $4 trillion apiece and are helping drive the Dow, S&P 500 and Nasdaq Composite to record levels as investors embrace the new iPhone and AI.
This is the first time Apple's market capitalization has crossed the $4 trillion mark, making it the third company to ever cross the milestone after Nvidia and Microsoft.
Apple stock rose 0.2% to $271.11 in early trading Thursday, ahead of the iPhone maker’s fiscal fourth-quarter earnings report due after the market closes.
Wall Street's three main indexes hovered near record highs on Tuesday, underpinned by shares of megacap tech stocks such as Microsoft and Apple in a week packed with earnings from U.S. heavyweights. Microsoft jumped 2.
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Apple shares rose fractionally in early trading, just enough to briefly push the company’s value above the historic level.