Apple Inc., Google parent Alphabet Inc., and Microsoft Corp. all finished at record highs on the same day for the third time this year, highlighting their sustained success amid a wave of Big Tech antitrust investigations. Google GOOGL, +0.29% rose a smidgeon to $2,546.83, while Microsoft MSFT, +1.32 percent gained 1% to $280.98 and Apple AAPL, +0.79% gained about 1% to $145.48. So far this year, all three stocks have gained at least 10%.
According to Dow Jones Market Data, Microsoft, Apple, and Google last closed at all-time highs on July 7 and January 26. Their current market capitalization exceeds $6 trillion. The three firms, as well as Amazon.com Inc. AMZN, -1.11 percent, reached intraday highs on Tuesday. According to Dow Jones Market Data, the last time this happened was on Sept. 2, 2020, and the time before that was on July 25, 2018. The White House, Congress, and federal agencies are attempting to slow down their rising economic powers through an executive order, a slew of antitrust measures, investigations, and lawsuits in an effort to level the competitive playing field. For further information, go to: Although Google is on the hot seat in terms of antitrust, Apple and the rest of Big Tech shouldn’t rest easy. President Joe Biden issued a nonbinding executive order on Friday to curtail megamergers and promote innovation. The Democratic-controlled Congress is working on six antitrust bills that would significantly alter the law. Meanwhile, the Department of Justice and the Federal Trade Commission continue to investigate Apple, Amazon, Google, and Facebook Inc.
FB is down 0.30 percent./n
