Thursday, June 16, 2022

Forget $3 Trillion mqrket value, Apple's $2 trillion market valuation looks shaky.

 Apple Inc's run as a $3 trillion stock proved fleeting. Now its grip on a $2 trillion market value is looking wobbly, too.

After briefly surpassing $3 trillion inJanuary, the iPhone maker has lostmore than $800 billion in capitalizationas tech stocks plunged. With concerngrowing that the Federal Reserve'sinterest-rate increases could tip the USinto recession, the $2 trillion milestoneis looking precarious. Apple closedTuesday at $2.15 trillion.

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