Microsoft on Tuesday became the second U.S. company ever to close with a market capitalization of more than $1 trillion. Apple became the first to reach the milestone last year.
Major U.S. stock indexes enjoyed their best four-month start to a year since at least 1999, the latest milestone for a bounceback rally fueled by a more accommodative Federal Reserve and upbeat economic prospects.
The market’s latest achievement came as the Dow Jones Industrial Average and the S&P 500 eked out modest gains Tuesday, and the Nasdaq Composite declined as two tech giants cut diverging paths.
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