Apple's market value is surpassing$3 trillion earlier as the
stock stages a solid rally in 2023. Now,
Apple has been part of the$3 trillion market cap
club before. In fact, it was the first
company to reach that threshold in January of 2022 but
it didn't above that level. Now, the company's
momentum does come as tech stocks are back in vogue
this year after what was a bruising 2022 amid aggressive
rate rises, Apple's gains are impressive as the company
warned in May that its current quarter sales are expected
to fall about 3%. But since Apple is the
largest US company by public market value, its stock
moves do impact the overall direction of the major indexes
like the S and P 500.