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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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