Apple (AAPL) notched another all-time stock high and closed trading as the first $700 billion U.S. company.
Shares of the gadget maker Tuesday closed up $2.29, or 1.9%, to $122.01 – putting a punctuation on what’s been a breathtaking 58% rise over the past year. Giant moves by a giant company – make earth-shattering events.
By closing above $120.18 a share, Apple is the first company in U.S. history to close with a value of $700 billion or more, according to share data from S&P Capital IQ and historical data from S&P Dow Jones Indices. That’s based on the company’s 5.82 billion shares outstanding.
Microsoft was the first company to close with a $600 billion valuation in 2000.
