8/05/2018

!APPLE HITS $1 TRILLION MARK!


NEW YORK : apple became the first $1 trillion publicly listed US company on Thursday-

Leading a rebound in technology stocks and pushing the bench mark S&P 500 and the Nasdaq higher.

Market sentiment was also lifted by commerce Secretary Wilbur Ross's comment, who said the tariffs that United States is threatening to impose on Chinese goods would not be disastrous for the Asian nation.

Apple jumped 2.8 percent to a record $20.05 to hit the *Dollar One Trillion Mark*, crowning a  decade long rise fueled by its ubiquitous iPhone that transformed it from a niche player in personal computers into a global powerhouse spanning entertainment and communications.

''It's a good sign for the market and the economy. Even though today we're talking about the impact of trade or currency war,  an issue with China - Apple who makes most of their products in China is hitting this,'' said Kim Forrest, senior portfolio manager at  Fort Pitt Capital Group in Pittsburgh. [Reuters]. 

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