Microsoft is left as the only US company worth more than $1 trillion after the coronavirus hammers the economy.
Apple, Amazon, and Google parent firm Alphabet have all had their market capitalizations fall to below the $1 trillion mark in the recent stock market rout.
Trump has publicly mulled pulling back on public health measures that could contain the coronavirus to help restore the economy.
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Microsoft is now the only company in the US with a market capitalization of more than a trillion dollars, after stocks continued to dive in response to the coronavirus pandemic.
At the close of markets on March 23, Microsoft’s shares were worth a total of $1.034 trillion according to Nasdaq’s official listing. Microsoft became the third US company to pass a market cap of $1 trillion in April 2019.
Apple, Amazon, and Google parent firm Alphabet all had market capitalizations in excess of $1 trillion as recently as last month, but the economy-wide wipeout has cost them that symbolic position.
As of close of market on Monday, here are their market capitalizations:
Apple: $981.726 billion
Amazon: $947.249 billion
Alphabet: $725.39 billion
The plummeting stock market has prompted Congress to propose a massive stimulus for the US economy.
However, …read more
Source:: Businessinsider – Technology