Apple Inc. made Wall Street history as the first company with a market value over US$3 trillion, the latest sign of big tech’s seemingly unstoppable dominance in equity markets.
The iPhone maker gained 2.3% on Friday, adding to a rally that’s added more than US$983 billion to its size this year and leaving it roughly a half-trillion dollars above the next-largest company. Apple’s ascent to the milestone helped the Nasdaq 100 Index to its best-ever first half ever, driving a broader stock rally that underscored the dominance of tech megacaps.
