Rally pushes Apple, Alphabet, Microsoft to combined $1.6 trln market cap

Friday marked a big day for a trio of tech stocks. Apple Inc., Microsoft Corp. and Google parent Alphabet Inc., now have a combined market capitalization of about $1.6 trillion. The gains for the companies on Friday marked the first time since Nov. 20 that three S&P 500 listed companies boasted a market cap of more than $400 billion, according to Dow Jones data. Apple topped the list with $679 billion, followed by Alphabet at $489 billion, and Microsoft Corp. with $422 billion. Alphabet is the only new entrant to the trifecta of S&P 500 giants, replacing Exxon Mobil Corp. , which has a market cap of $345 billion as of Oct. 23, according to FactSet.

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From:: Stock Market News

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