Apple’s market value soars to $190.9 billion, largest increase in history of U.S. listed companies

The three major U.S. stock indexes closed up, the Dow rose 3.69%, the Nasdaq rose 7.34%, and the S&P 500 rose 5.53%. Among the top gainers, AMD rose more than 14%, Amazon rose more than 12%, Microsoft rose more than 8%, and Google and Tesla rose more than 7%.

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On this day, Apple’s market value soared by a full $190.9 billion, the largest single-day increase in market value in the history of U.S. listed companies.

The US October inflation data released on the same day was lower than expected, and the October CPI rose 0.4% month-on-month and 7.7% year-on-year, boosting the stock market.

The dollar posted its biggest drop since March 2020. According to data compiled by Bloomberg, Apple’s increase on the day exceeded Amazon’s record $190.8 billion one-day increase in market value in February this year.

Moreover, Apple’s market value reached $2.34 trillion after rising 8.9% on Thursday, but the company’s market value is still down as much as 17% this year.