Apple’s market cap exceeds $3 trillion
- July 1, 2023
- 0
The market value of the shares of the US company Apple Inc ended its trading session, which exceeded $ 3 trillion for the first time. This was reported
The market value of the shares of the US company Apple Inc ended its trading session, which exceeded $ 3 trillion for the first time.
This was reported by Reuters, Ukrinform reports.
As stated, the shares of the world’s most expensive company increased by 2.3% to US$193.97, with a market value of US$3.05 trillion.
Prior to that, Apple’s market cap briefly exceeded $3 trillion during trading on January 3, 2022, but fell just below that mark after the session closed.
Shares of major companies like Apple, Nvidia Corp and Tesla Inc rose sharply after a report by the US Commerce Department that showed the price index for personal consumer spending rose less in May than in April, reflecting progress in the Federal Reserve’s fight, the agency wrote. with inflation.
Overall, Apple shares are up 49% this year thanks to gains at many of Wall Street’s most valuable companies fueled by speculation that the Federal Reserve is nearing the end of its bullish campaign on the potential for raising interest rates and artificial intelligence.
Source: Ukrinform
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