The American technology company Apple made Wall Street history as the first company with a market capitalization of more than 3 trillion dollars, the latest sign of the dominance of technology on the stock market.

 

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Edited by| Christian Megan

 

Economic  section -  CJ journalist

 

World – July,2,2023

 

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This was not the first time that Apple reached this level, as in January 2022 it succeeded in achieving a high value for its share price of 182.86 dollars, but it returned to decline before closing.

But on Friday evening, the global company's stock closed at 193.97 dollars, which gave it a market value of 3.05 trillion dollars, topping the top that no company in the world has achieved before.

The Daily Mail reported that this rise in the value of the company's shares came after a report from the US Department of Commerce, confirming the slowdown of the main inflation gauge last month, which reflects the progress witnessed by the Fed's fight against inflation.

It is worth mentioning that Apple shares rose by more than 50% at the beginning of January this year, amid a significant rise witnessed by the shares of giant technology companies, which recovered after the end of 2022.

According to the rating of the "Companies by market Cap" website, Microsoft comes in second place with a value of 2.5 trillion dollars, while Aramco comes in third place with a value of 2.08 trillion dollars, followed by the parent company of Google Alphabet with a value of 1.52 trillion dollars.

 

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