Apple has surpassed all the companies of the Russell 2000 index by capitalization
Apple's capitalization is now about $2.7 trillion
For the past two weeks, Apple Inc.'s market capitalization has exceeded the value of all companies included in the Russell 2000 small-cap index.
Source. This was reported by MarketWatch.
Previously, this situation was recorded only once, in September 2020, and during one session.
Apple's capitalization is now about $2.7 trillion, which is about $100 billion more than the market value of all 2,000 companies in the Russell 2000 index.
Since the beginning of the year, Apple's shares have risen by a third, while the Russell 2000 has remained virtually unchanged.
"It's incredible that one company can outsize the entire universe of small-cap firms," said eToro strategist Cally Cox. – "To me, this is a sign of the decline in small-cap companies.
Background. As a reminder, Apple has officially stopped using tungsten, tantalum, and gold from Russia. Thus, the corporation has complied with the US government's decree.
If you have read this article to the end, we hope that means it was useful for you.
We work to ensure that our journalistic and analytical work is of high quality, and we strive to perform it as competently as possible. This also requires financial independence. Support us for only UAH 196 per month.
Become a Mind subscriber for just USD 5 per month and support the development of independent business journalism!
You can unsubscribe at any time in your LIQPAY account or by sending us an email: [email protected]
