SAN FRANCISCO – Boosted by upbeat investor reaction to its strong earnings report this week, Apple Inc. on Thursday became the second-largest company on the S&P 500 Index in terms of market capitalization, surpassing software giant Microsoft Corp.

According to Standard & Poor’s index services unit, Apple reached a market cap of $241.5 billion to pass that of Microsoft’s $239.5 billion market capitalization.

Apple trails only Exxon Mobil and its market cap of more than $300 billion.

 


Only subscribers are eligible to post comments. Please subscribe or to participate in the conversation. Here’s why.

Use the form below to reset your password. When you've submitted your account email, we will send an email with a reset code.