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Apple Stock Closes Above $3 Trillion In Market Value In A Public Company First; Tech Revival Paces Nasdaq’s Biggest First-Half Gain Since 1983

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Apple became the first publicly traded company to be valued at $3 trillion Friday, leading a tech sector revival that helped the Nasdaq record its best opening half of a year since 1983. The tech-h…

The tech-heavy Nasdaq gained 1.5% Friday to end the week at 13,787.92. It has risen 30% since the start of the year, outdoing the S&P 500’s 16% increase and a 4% uptick for the Dow.

Improvements in the emerging field of artificial intelligence have helped boost the stocks of many tech companies in recent months, with shares in Microsoft, Alphabet and chipmaker Nvidia faring particularly well.

 

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