Apple set to reclaim market-cap title from Microsoft for first time in 6 months

Shares of Apple Inc.

AAPL, +0.65%

rose 0.6% in morning trading Monday, enough for the technology giant to reclaim the No. 1 spot on the list of largest U.S. companies by market capitalization. Based on most recent filings disclosing shares outstanding, Apple’s market cap was now at $1.074 trillion, while Microsoft Corp.’s stock

MSFT, +0.29%

slipped less than 0.1% to lower the software giant’s market cap to $1.066 trillion. That puts Apple on track to close at No. 1 for the first time since April 17. Apple and Microsoft remain well above third-place Inc.

AMZN, -0.23%,

currently valued at $853.1 billion, and above fourth-place Google-parent Alphabet Inc.

GOOG, +0.68%

at $848.2 billion. Apple’s stock has run up 16.9% over the past three months and Microsoft shares have tacked on 0.5%, while the Dow Jones Industrial Average

DJIA, +0.15%

has slipped 1.9%.

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