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.