William Gallagher
Facebook, Amazon, Microsoft, and Apple all closed out at their highest stock value ever., with the quartet pushing NASDAQ to a new record high.
Apple is continuing its path to being a $2 trillion company, with its stock on the Nasdaq Composite Index closing at almost $1.5 trillion on Tuesday. Its figure of $343.99 per share is an all-time record for Apple, but Amazon, Facebook, and Microsoft, all hit records too.
According to CNBC, Facebook was the only one of this quartet that closed at under $1 trillion. Apple's performance was the best, and together the four companies represent a combined market value of nearly $5 trillion.
Apple's performance represented more than a 3% increase for the day, and it came as more confirmation broke of the company transitioning to ARM processors.
Overall, Apple has benefited, as have all major technology firms, from the coronavirus lockdown meaning more people working from home, and so buying more equipment.
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Wesley Hilliard
AppleInsider Staff
Andrew Orr
Amber Neely
6 Comments
I guess we can all relax and forget about social injustice, police brutality, this pandemic entirely because APPL just spiked.
Wall Street reads AppleInsider?
Should be noted that the Federal Reserve announced near-zero rates through 2022... that could have played a major factor in this rally...
https://www.marketwatch.com/story/fed-sees-rates-near-zero-through-2022-says-asset-purchases-will-continue-2020-06-10