Dow Closes Below 10,000; Apple Closes Above Microsoft

Thursday, May 27, 2010

Even on a bad day, when the Dow closed below 10,000 for the first time since February 8, Apple Inc. managed to have a good one.  

For the first time in history, the maker of iPods, iPhones, and iPads (and, of course, computers) has surpassed software giant Microsoft to become the second most valuable company in America. The rankings, which are calculated by Wall Street, compare market capitalization, revenue, and cash on hand. In the top spot, surpassing both Apple and Microsoft, is oil giant ExxonMobil. The New York Times finance reporter, Louise Story has the details.


Louise Story

Produced by:

Posey Gruener

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