Apple makes history, blossoming to $1 trillion
First US company to hit milestone is a fixture in almost everyone’s life
Apple became the first U.S. stock to attain a market value of $1 trillion, a reminder that Main Street investors can build wealth investing in innovative companies with world-class products.
The iPhone maker’s milestone follows an extraordinary stretch of tech innovation and arrives as the bull market for stocks, now more than nine years old, looks to overtake the 1990s bull as the longest in history later this month.
Apple’s good fortune also is good news for individual investors. With a nearly 4 percent weighting, Apple is the biggest holding in the Standard & Poor’s 500 stock index, an investment that is owned by most individual investors in 401(k)s through index funds and other types of funds exchange traded funds that track it and in 401(k) plans.
The technology company broke the $1 trillion barrier when its stock briefly hit the magic share price of $207.05, according to Nanex, which supplies market data to the financial industry. Online brokerage TD Ameritrade said the history-making trade occurred at 11:48 a.m. EDT Thursday.
“Apple has gone where no company has gone before,” said Howard Silverblatt, senior index analyst at S&P Dow Jones Indices.
Heading into Thursday’s trading session, Apple shares were up 19.1 percent so far in 2018, more than double the re-
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