A Foolish Take: Trillion-Dollar Stocks Keep Climbing
The current bull market in stocks has been going on for more than 10 years, and many companies have produced amazing recoveries in their share prices following the 2008-2009 recession. When you take the total number of shares companies have outstanding and multiply them by their share price, you get what's called their market capitalization. A couple of big-name tech stocks have seen their market caps jump above the $1 trillion mark -- and keep heading higher from there.
Apple (NASDAQ: AAPL) was the first U.S. company to reach the illustrious milestone in the summer of 2018, and Amazon.com was quick to follow suit. Yet neither company stayed there long, and this year, Microsoft (NASDAQ: MSFT) was the first to find the $1 trillion mark before Apple rejoined it.
As you can see below, Apple and Microsoft have continued to vie for the top spot, while Amazon and fellow internet giant Alphabet remain well behind.
Source Fool.com
