Apple Momentarily Passes Exxon as Most Valuable Company
Update: At close of the market, Exxon won the day, maintaining its title as the most valuable company with a market cap $348.32 billion, just a smidgen higher than Apple's $346.74 billion.
RELATED: Apple Stock Will Be Just Fine After Flash Crash
With the open of the stock market to nervous traders, U.S. stocks are on their way up and things are looking especially good for one company in particular: Apple. This afternoon they officially, "briefly," according to Reuters, became the most valuable company. Business Insider's Jay Yarrow caught the CNBC news that the line had actually been crossed just a few minutes after 1:20 p.m. Reuters, too, is reporting the event, saying Apple's market value was up to "$341.5 billion, just above Exxon's at $341.4 billion." As the oil company's value declines, the seemingly unstoppable tech company is faring well in this tumultuous market.
