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Archive for 26. November 2019

How Apple and Microsoft Dwarf the Rest of the Market

Posted by hkarner - 26. November 2019

Date: 25-11-2019
Source: The Wall Street Journal

The two largest U.S. companies helped lift the Dow industrials above 28000 for the first time earlier this month

People check out the new iPhone at an Apple store in Shanghai. Apple and Microsoft have helped buoy the broader technology sector while they vie for the title of largest U.S. firm.

Apple Inc. and Microsoft Corp. helped lift the Dow industrials above 28000 for the first time earlier this month, a milestone that underscored how much the two largest U.S. companies influence major stock indexes.

Boosted by optimism about a U.S.-China trade deal and sturdy profit growth, the companies have helped buoy the broader technology sector while they vie for the title of largest U.S. firm. Apple shares have soared 66% this year, pushing it ahead of Microsoft with a $1.16 trillion market value. Revenue growth in Apple’s services business and products outside the iPhone have fueled fresh enthusiasm for the stock. Den Rest des Beitrags lesen »

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