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Apple Shrs Dive for 4th Day with Mkt Cap Down to USD2.6T, Loses Global Top Spot
Recommend 7 Positive 3 Negative 8 |
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The U.S. imposed additional tariffs on Chinese products, notably impacting Apple Inc. (AAPL.US), one of the hit hard companies. On Tuesday, Apple’s stock slumped another 5%, stretching its losing streak to four consecutive days and accumulating a 23% decline. This steep drop in market cap has resulted in Apple relinquishing its position as the world’s highest-valued publicly listed company to Microsoft (MSFT.US). As of Tuesday’s closing, Apple’s market cap plunged to USD2.6 trillion, while Microsoft’s touched USD2.64 trillion, reclaiming the top spot among global listed companies by market cap. AAStocks Financial News |
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