Microsoft’s stock is on a tear this year, and the software giant’s market capitalization has just smashed through the $1 trillion mark.
As the Wall Street Journal points out, Microsoft (MSFT) crossed the threshold during intra-day trading on April 25. Its market value at the close of trading was $989 billion.
The Trillion Dollar Club
Apple (AAPL) was the first to cross that milestone last year after a monster rally over the past five years.
Amazon (AMZN) followed suit and has also seen huge increases in value in recent years. As of April 25, Amazon and Apple are slightly below the $1 trillion market value threshold.
The tech-laden NASDAQ Composite has advanced a sizzling 22% this year as of April 25. The index has been powered by an especially strong performance among the so-called FAANG stocks: Facebook (FB), Apple (AAPL), Amazon (AMZN), Netflix (NFLX) and Google (GOOGL).
That compares with 16.7% gain for the broad S&P 500 Index.
In this year’s stock market so far, tech stocks rule.
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