Monday, September 25, 2023

Apple’s $191 Billion Single-Day Surge Sets Stock-Market Record

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(Bloomberg) — Apple Inc.’s surge Thursday was one for the record books.

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The world’s most valuable company added $190.9 billion in market value, the most ever by a US-listed company, as softer-than-expected inflation data buoyed equity markets across the board. The jump eclipsed Amazon.com Inc.’s $190.8 billion gain in February, according to data compiled by Bloomberg.

Apple, which after Thursday’s 8.8% jump has a market capitalization of $2.34 trillion, now accounts for four out of the top five biggest daily gains. The stock remains down 17% this year.

–With assistance from Tom Contiliano.

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©2022 Bloomberg L.P.

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