Feb 11, 2020 - Economy & Business

Microsoft again top U.S. company as market cap hits $1.435T

Data: FactSet; Chart: Axios Visuals

Microsoft again became the most valuable U.S. company on Monday as its stock rose to another record high. Microsoft regained the designation after more than three months in second place, trailing Apple.

Details: The company's stock rose 2.6% to boost its market capitalization to $1.435 trillion. The last time Microsoft was the most valuable U.S. company at the market's close was Oct. 30. Prior to that, Microsoft was the most valuable for 127-straight sessions, from April 18 through Oct. 17, according to MarketWatch. Year to date, Microsoft's stock has jumped by 19.7%.

Go deeper: The 5 biggest U.S. stocks account for almost 18% of the S&P 500's market value

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Google cashes in on law enforcement data requests

Illustration: Sarah Grillo/Axios

Google began capitalizing on law enforcement's request for user data this month, the New York Times reports.

The big picture: Big Tech giants like Amazon, Facebook, Twitter, TikTok, and Microsoft explicitly announce they might seek reimbursement for giving personal data to federal agencies and law enforcement, which they're legally entitled to do.

Go deeperArrowJan 25, 2020

The 5 biggest U.S. stocks account for almost 18% of the S&P 500's market value

Illustration: Lazaro Gamio/Axios

The five biggest U.S. stocks — Apple, Microsoft, Alphabet, Amazon and Facebook — have grown so explosively that they account for nearly 18% of the S&P 500 index by market value, AP reports.

Why it matters: Never before have five companies held such powerful sway over the index, according to Morgan Stanley strategists.

Tesla shares plummet after wild few days of trading

Source: FactSet; Chart: Axios Visuals

Shares of Tesla closed down more than 17% on Wednesday, shredding more than $27 billion in market cap value.

Between the lines: Wednesday ended a streak of eye-popping stock gains for Tesla. Per CNBC, it was the second-worst day for the stock ever.