Shares of Apple Inc. (AAPL) rallied 0.8% in morning trading Thursday, to extend the previous session's 2.0% jump on the back of its fiscal third-quarter earnings report ( ), but was still well below the $1 trillion mark-capitalization threshold. Apple's 10-Q filing with the Securities and Exchange Commission late Wednesday showed that the technology giant had 4,519,180,000 shares outstanding as of July 19, 2019, down from 4,601,075,000 shares as of April 22. That raises the $1 trillion market-cap bar to a stock closing price of $221.28 from $217.34. Apple's stock briefly cleared that bar in intraday trading on Wednesday, when it reached a high of $221.37 soon after the open before paring gains. Apple is now the second-most valuable U.S. company at $970.5 billion, behind first-place Microsoft Corp. (MSFT) at $1.05 trillion and ahead of third-place Amazon.com Inc. (AMZN) at $930.1 billion. Apple's stock has run up 36.1% year to date, while the Dow Jones Industrial Average has gained 15.4%.
-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
August 01, 2019 09:44 ET (13:44 GMT)
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