NEW YORK (Reuters) – Exxon Mobil briefly overtook Apple as the largest U.S. publicly traded company by market value on Friday as shares of the technology giant continued to fall.
Apple shares traded down 2 percent on the day at $ 441.31, down from a high above $ 700 set in September, for a market value of roughly $ 416 billion. Exxon shares, flat on the day at $ 91.33, added to a market value of about $ 416.5 billion.
Apple has closed the day as the largest company by market capitalization since late January last year, when it passed Exxon.
(Reporting by Rodrigo Campos; Editing by James Dalgleish)
Business News Headlines – Yahoo! News
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