Stock Market

AAPL STOCK: Why Apple Stock Hit 3 Trillion Market Cap? Apple became the first US Company to hit this milestone.

“Apple hit a market cap of $3 trillion, tripling in valuation in under four years.” CNBC. Apple became the first US company to hit this milestone, as the inflation rate increased and interest rate hiking fear occur from the federal reserve. Institutions, funds, and investors parked their cash into safer stocks like Apple, Microsoft, and Google as there was significant uncertainty in the market. Due to the money parking into these safer stocks, S&P 500 hit the record high in 2021, even the other smaller cap and high growth risk stocks saw a decline.

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