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The trillion dollar club expands with tech stocks leading the way

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.

Tech Leaders

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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This material is from Interactive Advisors Asset Management and is being posted with Interactive Advisor Asset Management’s permission. The views expressed in this material are solely those of the author and IBKR is not endorsing or recommending any investment or trading discussed in the material. This material is not and should not be construed as an offer to sell or the solicitation of an offer to buy any security. To the extent that this material discusses general market activity, industry or sector trends or other broad based economic or political conditions, it should not be construed as research or investment advice. To the extent that it includes references to specific securities, commodities, currencies, or other instruments, those references do not constitute a recommendation to buy, sell or hold such security. This material does not and is not intended to take into account the particular financial conditions, investment objectives or requirements of individual customers. Before acting on this material, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.

Xavier Brenner has covered global market, business and economic trends since 2013 for Interactive Advisors, a robo-advisor offering actively and passively managed portfolios and a division of the Interactive Brokers Group.

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