US stocks closed higher on Monday, Apple's market value reached three trillion dollars, and Tesla announced record deliveries in the fourth quarter of 2021, which improved investor sentiment in the first trading day of this year.
According to Arab Net, on Monday, the first session of the new year, Apple became the first company in the world to reach this milestone.
The company's share was able to record a new price of about $183 yesterday, which made the market value exceed this value, but it ended the session at $182, with a market value of $2.99 trillion. Investors are betting that the iPhone maker will continue to launch more innovative products and enter new markets such as electric and self-driving cars and virtual reality.
Tesla shares rose 13.53% after the company's quarterly sales beat analyst estimates, overcoming a global chip shortage as production in China increased.
The two stocks gave the largest support to the Standard & Poor's 500 Index.
Patrick Burton, who owns 2.75 million Apple shares, said: “We are satisfied with the outlook, and we continue to see viable opportunities ahead, with iPhones and additional growth drivers in each of the services. And the new products, according to Bloomberg Agency, and seen by Al-Arabiya.net.
Apple's market capitalization reached $1 trillion for the first time in mid-2018, and it reached $2 trillion in August 2020, and it was the first US company to exceed this level.
As Apple has grown in size, its relative weight in the S&P 500 is influential, at around 7%.
According to preliminary data, the Dow Jones Industrial Average rose 246.83 points, or 0.68%, to 36585.13 points at the close, and the Standard & Poor's 500 Index ended the session, up 30.41 points, or 0.64%, to 4796.59 points.
The Nasdaq Composite Index also rose 187.83 points, or 1.2%, to 15,832.80 points.
