apple retained its dominance this year...with the largest market capitalization in the united states.bruce harrison joins me now in the studio. bruce, was there even a chance apple wouldfall from its pedestal? hello connyoung. not really. it started theyear with a market cap around 640-billion u-s dollars and is wrapping up the year tensof billions ahead of the next competitor.
apple stock today news, now, just to note, when we say market cap,we mean... the overall market value of a company’stock. right. and what's interesting, though bruce,apple has watched its market cap significantly fall toward the end of the year after peakingin the spring. that's right. market cap soared above 750-billionu-s dollars in the spring... but lately it's
slipped below 600-billion. however... after another recent selloff overconcerns about soft iphone sales... apple's experiencing a little year-end magic.it's stock jumped nearly two percent, amid improving consumer sentiment, according tomarket research firm conference board. "i think people are realizing that when thefed moved a couple of weeks ago and made their first interest rate hike it's the beginning,but it's not the beginning of the end. and it's going to be very slow, very patient." and that's good news for most companies...including some top stocks that have narrowed the gap on apple.the wall street journal reports alphabet inc.,
the parent company of google and android,saw its stock soar this year. the daily said it's market cap is around $530billion... a formidable second in the rankings for the first time.
