IT House June 22 news, today's US stock market opened, Apple rose more than 0.2%, refreshed the daily high of 136.22 US dollars, and the intraday market value was 2.20 trillion US dollars, surpassing Saudi Aramco and regaining the market value of the world's largest listed company.
IT House reported that on May 12 this year, Saudi Aramco surpassed Apple to become the world's most valuable company.
Two years ago, in 2020, Apple surpassed Saudi Aramco for the first time to become the world's most valuable listed company.
▲ Apple
Shares in Saudi Aramco have risen more than 15% so far this year, but were up nearly 30% last month. In March, Saudi Aramco reported that its profit more than doubled for the full year last year as oil prices surged.
On top of that, Apple stock has fallen more than 20% from its Jan. 4 high of $182.94.
Energy stocks have been rallying as investors sold stocks across a range of sectors, including technology stocks, amid fears of a deteriorating economic environment. The change is largely symbolic, but it shows how markets are changing as the global economy grapples with rising interest rates, inflation and supply chain issues.
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