Apple becomes the first U.S. company to surpass $5 trillion in market value amid mixed trading on Wall Street ahead of key tech earnings.
Oil prices declined on Tuesday, contributing to mixed trading across major U.S. stock indexes. Weakness in global technology shares weighed on investor sentiment as markets brace for a heavy week of tech earnings reports.
Apple Inc. (AAPL) crossed the $5 trillion market capitalization threshold, becoming the first U.S. company to reach the milestone. The move comes as investors assess the outlook for big tech amid shifting monetary policy expectations and macroeconomic uncertainty.
Wall Street’s major averages traded in a narrow range, with the Nasdaq Composite underperforming due to pressure on high-growth stocks. Energy shares lagged as crude prices retreated, offsetting gains in other sectors.