Shares of Apple Inc. (AAPL) ran up 1.8% in morning trade, enough to pace the Dow Jones Industrial Average's gainers, and to propel the technology giant back to Number One on the list of largest U.S. companies by market capitalization. The shares have now soared 12.7% amid a 5-session win streak that started after Apple reported fiscal first-quarter results ( ) after the Jan. 29 close. The stock is also now up 22.6% since it closed at a 20-month low opf $142.19 on Jan. 3. Apple's stock rally raises its market cap to $821.7 billion, above second-place Microsoft Corp. (MSFT) at $817.4 billion, and ahead of third-place Amazon.com Inc. (AMZN) at $815.1 billion. Google-parent Alphabet Inc.'s stock (GOOGL) fell 0.3% after the internet giant reported fourth-quarter results ( ) late Monday, putting the company's market cap in fourth place at $791.6 billion.
-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
February 05, 2019 10:06 ET (15:06 GMT)
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