Apple becomes first US company to reach $3tn valuation

Apple became the first US company to be valued at over $3tn on Monday as the tech company continued its phenomenal share price growth, tripling in value in under four years.

Apple alone is now more valuable than the combined values of Boeing, Coca-Cola, Disney, Exxon-Mobil, McDonald’s, Netflix and Walmart. Its shares have risen 38% since the beginning of 2021, one of the largest gains on the Dow Jones industrial average stock market index. It is unlikely to remain the only $3tn company as analysts expect Microsoft will also hit the mark later this year.

Europe’s benchmark stock index, the Stoxx 600, rose to a record intraday high of 491.73 points on Monday, surpassing its November peak of 490.58, as global oil and equity markets climbed. It later closed at 489.99, up 0.45%.

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