After becoming the first U.S. company to reach a $2 trillion market value back in August 2020, Apple is edging closer to hitting the $3 trillion mark.
More details🧐 Apple’s stock closed 2.80% up at $179.45/share on Friday, giving it a market cap of $2.94 trillion. The company will hit a $3 trillion market value if its shares trade at $182.85/share. Yeah, they’re that close.
Why is this important🤔 The U.S. is approaching the holiday season, which is likely to boost the company’s quarterly earnings. They’re also entering the “Santa Claus Rally”, which is known as the stock market’s historical tendency to rally over the last two weeks of December & into the new year.
