With international trade tensions easing and the market awaiting the Federal Reserve's interest rate decision and major tech stock earnings, all three major US stock indices continued to reach record highs.
At the close on the 28th, the Dow Jones Industrial Average approached the 48,000-point threshold, rising as much as nearly 400 points to hit a high of 47,943 points, closing at 47,706.37 points, up 161.78 points or 0.34%. The S&P 500 Index topped the 6,900-point mark for the first time, reaching a high of 6,911 points and closing at 6,890.89 points, up 15.73 points or 0.23%. The Nasdaq Index closed at 23,827.49 points, up 190.04 points or 0.8%.
Apple Inc.'s market value surpassed 4 trillion USD (16.8 trillion ringgit) for the first time, making it the third US company to reach this milestone after Nvidia and Microsoft.
On Tuesday, Apple shares rose as much as 0.4% at one point to a record high of $269.89 (1,133.5 ringgit), with its market value surpassing 4 trillion USD for the first time, making it the third listed company in history to reach the 4 trillion USD milestone. However, it was unable to sustain that level by the close, finishing up just 0.1%, but still setting a new closing high. Since the April low, the stock has rebounded an impressive 56%, adding 1.4 trillion USD (5.88 trillion ringgit) in market value during that period, mainly benefiting from eased tariff concerns and promising initial sales of the iPhone 17.