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Apple beats IBM's record set 35 years ago. Its share of S&P 500 hits milestone

Apple beats IBM’s record set 35 years ago. Its share of S&P 500 hits milestone

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…

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