Feb 11, 2020 - Economy & Business

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

Dion Rabouin, author of Markets
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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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Felix Salmon, author of Capital
1 hour ago - Economy & Business

Wall Street is living up to its bad reputation

Illustration: Sarah Grillo/Axios

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Driving the news: Goldman Sachs is the biggest and the boldest, paying more than $5 billion in fines in the wake of the 1MDB scandal, in which billions were stolen from the people of Malaysia.

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Axios
2 hours ago - Health

Ex-FDA chief: Pence campaigning after COVID exposure puts others at risk

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Why it matters: The New York Times reports that at least five members of Pence's inner circle, including his chief of staff Marc Short and outside adviser Marty Obst, have tested positive for the virus. Pence tested negative on Sunday morning, according to the VP's office, and he'll continue to travel for the final stretch of the 2020 campaign.

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Jonathan Swan, Mike Allen
Updated 3 hours ago - Politics & Policy

Pence to continue traveling despite aides testing positive for COVID-19

Marc Short with Pence in March. Photo: Drew Angerer/Getty Images

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Why it matters: Short is Pence's closest aide, and was one of the most powerful forces on the White House coronavirus task force. Pence and second lady Karen Pence tested negative for the virus on Sunday morning, according to the vice president's office.

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