Apple closes its doors as America's largest company after confronting Microsoft


Apple Inc.

AAPL, + 3.85%

at the close on Wednesday retained its title as the most valuable American company after Microsoft Corp.

MSFT, + 3.71%

surpassed the iPhone maker in market capitalization for the first time in more than eight years. By mid-day, Microsoft had a market capitalization of $ 846.73 billion, against $ 846.53 billion for Apple, but the technology giants spent Wednesday to position itself as the largest US company by market capitalization . At closing, Apple stocks finished up 3.9% to $ 180.94 for a market capitalization of $ 858.63 billion, while Microsoft shares closed up 3.7% to , $ 12 for a cap of $ 852.98 billion. According to FactSet, Apple surpassed Microsoft's market capitalization on May 28, 2010, when both companies were worth about $ 226 billion. For the year, Microsoft shares rose 29.9%, while those of Apple grew 5%, compared to a 2.6% rise in the Dow Jones Industrial Average.

DJIA, + 2.50%

in which the two shares are components, a gain of 2.6% of the S & P 500 index

SPX, + 2.30%

and a 5.6% rise in the Nasdaq Composite Index, highly technology-driven

COMP + 2.95%

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