now<\/a> back where it was before the Covid-19 crisis slammed the US, putting millions of Americans out of jobs, with tens of millions getting unemployment benefits and countless businesses still closing down across the country. Yet, family restaurants, corner bars, hair salons and countless small businesses across the US that are closing on a daily basis are not listed on the stock market.<\/p>\nOn the other hand, Apple, Google etc. are, and upward movements in their publicly traded stocks alone are boosting the action in the S&P 500. Apple took almost 4 decades to reach $1 trillion market cap, and just 2 years to hit $2 trillion, and that’s pretty much insane during what has been described as the worst economic depression ever.<\/p>\n
On Wednesday, the NASDAQ Composite index reached a new high of 11,257.42, about 15\u00a0 percent higher than the pre-coronavirus tops, while The Standard & Poor’s 500 Index traded at 3,399.54, another record high.<\/p>\n","protected":false},"excerpt":{"rendered":"
According to a report via CNBC, Apple has become the first US company to reach $2 trillion market cap. Since 2018, Apple managed to double its valuation, thus becoming the first US publicly traded company to hit $2 trillion. It’s worth mentioning that Apple was also the first publicly traded company in the US to […]<\/p>\n","protected":false},"author":7,"featured_media":1136,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"","_seopress_titles_title":"Apple Becomes First US Company to Hit $2 Trillion Market Cap, Doubling Valuation Since 2018","_seopress_titles_desc":"Discover how Apple achieved a remarkable feat, doubling its valuation and impacting the stock market amid a challenging economic climate.","_seopress_robots_index":"","tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[31],"tags":[336,334,113,112,111,335],"_links":{"self":[{"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/posts\/1135"}],"collection":[{"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/comments?post=1135"}],"version-history":[{"count":1,"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/posts\/1135\/revisions"}],"predecessor-version":[{"id":1137,"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/posts\/1135\/revisions\/1137"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/media\/1136"}],"wp:attachment":[{"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/media?parent=1135"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/categories?post=1135"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/tags?post=1135"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}