Investors remain bullish on Microsoft, Apple and Alphabet, favoring positive financial outlooks over concerns of a slowing economy.
On Friday, Microsoft gained 1.2%, Apple inched up 0.3%, and Alphabet rose 0.2%.
Apple has climbed in seven of the past eight trading days and reached a market cap of $1.16 trillion, making the iPhone manufacturer the world's most valuable publicly-traded company, just ahead of Microsoft at $1.11 trillion. Apple's stock is up 65% in 2019 and Microsoft has gained 44%, both trouncing the S&P 500, which has climbed 23%.
Alphabet has performed only slightly better than S&P 500 for the year, gaining 25% in 2019. But the company had the best week among the Big Tech crew, with the stock rising 2.9%. It's notched gains in five of the past six trading days, making the company's close on Thursday its highest since April.The stock market has been riding a
regarding trade negotiations with China that's propelled the Nasdaq Composite to six straight weekly gains and the S&P 500 to five consecutive positive weeks.
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