Monday, October 04, 2010

Apple may replace Exxon atop S&P - The Boston Globe

Sign of the times

Apple Inc. is on a path to overtake Exxon Mobil Corp. as the largest company by market capitalization.

While chief executive Steve Jobs would no doubt be happy about his new perch atop the business world, there’s more at stake than bragging rights. As soon as the total value of the company’s shares edges above Exxon’s, Apple will take over the top spot in the Standard and Poor’s 500, the market index used by most professional money managers.

Apple may replace Exxon atop S&P - The Boston Globe

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