Apple Closes Above $5 Trillion Market Capitalization
Apple became the second company to close above the $5 trillion mark on Wednesday, with its shares ending at a record.
Story updates
09:01:04 PM UTC
SquawkNews
By Angela PalumboApple joined Nvidia in the $5 trillion market cap club on Wednesday, bucking a broader downbeat trend for the rest of the market.Apple stock rose 0.5% to $342.96, a record closing high. That pushed it just over the $5 trillion line — $5.005 trillion for those keeping score — making…
Apple became the second company to finish a trading session with a market capitalization above 5 trillion on Wednesday. The milestone capped the Tim Cook era and set an implicit challenge for new Chief Executive John Ternus. The iPhone maker’s shares ended at a record, narrowly lifting its market value above the 5 trillion mark.