Tech goliath Apple’s market cap smashed past the £1 trillion mark yesterday after its shar price rose above $207.
Apple becoming the first $1 trillion company helped lift the tech stocks, mounting a recovery on Wall Street after a weaker start.
London Capital Group said: “Escalating trade tensions, after China promised a retaliation if Trump pushed ahead with higher tariffs, were soon overshadowed by a surge in Apple’s share price to $207.39 taking it to the magical $1 trillion. This has lifted the mood of the market, boosting the Nasdaq and the S&P to close in the black, Asian markets are on a bullish run and Europe is pointing to a higher start after the opening bell.”
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