Microsoft Corp.'s (MSFT) new reign as the most valuable U.S. company by market capitalization is in danger to end after just two days, as the stock slumped 0.7% while Apple Inc. shares (AAPL) rallied 1.0%. The moves boosted Apple's market cap to $1.413 trillion from $1.398 trillion at Tuesday's close, and knocked Microsoft's market cap down to $1.393 trillion from $1.403 trillion. Microsoft overtook Apple on Monday ( ), after a 70-session stretch in which Apple was No. 1. The technology behemoths' market caps are still well above No. 3 Amazon.com Inc. (AMZN) at $1.081 trillion and Google-parent Alphabet Inc. (GOOGL) at $1.039 trillion. Shares of Apple have rallied 23.3% over the past three months toward a record close Wednesday, while Microsoft has hiked up 24.6% and closed at a record on Monday. In comparison, the Dow Jones Industrial Average was up 206 points, and has gained 6.5% over the past three months, and was on track for a record close on Wednesday.
-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
February 12, 2020 10:26 ET (15:26 GMT)
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