Apple Hits $1 Trillion Market Cap; Amazon and Google Not Far Behind
Diana Linn, client service associate at Adviser Investments, has the market analysis for Thursday, August 2. We saw fractional losses for the Dow Jones Industrial Average today, while the S&P 500 gained 0.4% and the NASDAQ Composite advanced 1.2%. Once again, Apple (ticker: AAPL) dominated newsfeeds: The company hit the $1 trillion market cap, and APPL’s per-share price rose to $207. Although Apple is the first U.S. company to reach this trillion-dollar valuation milestone, Amazon and Google are also closing in on the same marker. Tomorrow, Berkshire Hathaway and Kraft Heinz report earnings, and the Labor Department releases hiring and unemployment figures.