Apple is again the most valuable publicly listed U.S. company, ending the session on Wednesday with a market capitalization above recent leaders Microsoft and Amazon.
Apple rose 0.03 percent, putting its market value at $821.5 billion. Microsoft’s market capitalization ended at $813.4 billion after its stock dipped 1.11 percent, while Amazon’s stock market value finished the day at $805.7 billion, in third place, after its shares slid 1.12 percent.
Apple’s stock has risen about 13 percent since its quarterly earnings report was published on Jan. 29, with investors betting it was oversold following months of concern about a slowdown in the demand for iPhone and the company’s revenue warning due to weaker demand in China.
After reaching a record $1.1 trillion last October, Apple’s market capitalization fell gradually, and was overtaken by Amazon and Microsoft in December, which have taken turns in the top position since then.
While Apple has gained in the recent sessions, Microsoft and Amazon’s shares declined after their quarterly reports. Amazon has declined almost 5 percent since last week, when it published the forecast for the first-quarter sales that will be below Wall Street estimates and said it would increase the investments in 2019.
Microsoft’s stock hasn't changed a lot since last Wednesday, when the software company met targets for its quarterly results and forecast.
Chart: Reuters
Read more:
25 Canada Square, Level 33, office 50, Canary Wharf London, E14 5LQ +44 20 3608 6256
World Financial Markets - 0700 17 600 Varchev Exchange - 0700 115 44
Varchev Finance Ltd is registered in the FCA (FINANCIAL CONDUCT AUTHORITY) with a passport in the United Kingdom: FCA, United Kingdom - registration number: 494 045, which allows provision of financial services in the United Kingdom.
Varchev Finance Ltd strictly comply with the statutes of the European directive MiFID (Markets in Financial Instruments). targeting increased efficiency, transparency and uniformity of financial instruments.
Varchev Finance Ltd is authorized and regulated by the Financial Supervision Commission - Sofia, Bulgaria: License number RG-03-02-05 / 15.03.2006
The information on this site is not intended for distribution or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Disclaimer:
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63,41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.