Apple's $3-trillion mark has a warning for S&P

Apple, whose shares serve as a real-time proxy for risk sentiment toward the pandemic, briefly rose above $3 trillion on Monday, shattering yet another record and underscoring how the pandemic has turbocharged Big Tech’s decades-long rise.
 
The company was the first to achieve this milestone, although it failed to hold above the level through the end of the trading day. It closed 2.5 per cent higher at $182.01 and with a market capitalisation of $2.99 trillion. The advance came on a broadly positive session for stocks, where Apple and Amazon.com Inc. both contributed to the Nasdaq 100 Index outperforming.