Apple's $1trn shows FAANGs have bite

An electronic screen displays the Apple Inc. stock price at the Nasdaq Market Site in New York City. REUTERS/Mike Segar

Reuters

A deepening trade dispute between the United States and China weighed on global stocks and bond yields yesterday, but a rise in Apple shares took its valuation above $1trn (€861bn), the most for a US-listed company, and helped lift some US indexes.

Apple's breaking of the $1trn barrier led a rebound in technology stocks that helped key US indexes pare earlier losses to turn positive. FAANG stocks - Facebook, Apple, Amazon, Netflix and Alphabet's Google - are the market's five most popular and best-performing tech stocks.