It’s only a matter of time before the milestone is reached, but investors are advised against complacency over the tech firms
Will it or won’t it? The question dominating Wall Street all week has been whether Apple will become the first company with a stock market valuation of a trillion dollars. For that to happen the tech company’s shares need to reach $203.25 – and they were tantalisingly close to that level in early trading in New York on Wednesday, the first real opportunity investors had to buy Apple stock after the announcement of better-than-expected third-quarter figures.
It seems only a matter of time before the milestone is reached, but whether that marks the start of a new bull-market phase for equities or a storm warning is a moot point.