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As Apple Nears $2 Trillion, Its Share of S&P 500 Hits Milestone

  • Stock tops IBM as market’s largest influencer in 40 years
  • Share gains pick up pace after quarterly sales beat estimates
Shoppers Inside The Yorkdale Mall Ahead Of Consumer Price Figures
Photographer: Brent Lewin/Bloomberg

The world gawked two years ago when Apple Inc.’s market value crossed $1 trillion for the first time. But the feat was less noteworthy when viewed from another perspective: relative size.

That’s because, even with a 13-digit price tag, Apple’s place among its peers in August 2018 wasn’t unprecedented -- it had gotten bigger, but so had the whole market. As a result, its weighting in the S&P 500 remained comparable to past titans in their heyday, such as Exxon Mobil Corp. and IBM Corp.