Microsoft emerges as sole $1tn U.S. company after stocks crashMarch 24, 2020 - 17:38 AMT PanARMENIAN.Net - Microsoft is now the only company in the U.S. with a market capitalization of more than a trillion dollars, after stocks continued to dive in response to the coronavirus pandemic, Business Insider reports. At the close of markets on March 23, Microsoft's shares were worth a total of $1.034 trillion according to Nasdaq's official listing. Microsoft became the third U.S. company to pass a market cap of $1 trillion in April 2019. Apple, Amazon, and Google parent firm Alphabet all had market capitalizations in excess of $1 trillion as recently as last month, but the economy-wide wipeout has cost them that symbolic position. As of close of market on Monday, here are their market capitalizations: Apple: $981.726 billion; Amazon: $947.249 billion; Alphabet: $725.39 billion. 42,663 coronavirus cases and 541 deaths from the disease have been recorded in the United States. Top stories Azerbaijani President Ilham Aliyev arrived in Moscow on April 22 to hold talks with Russian counterpart Vladimir Putin. Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". Partner news | India wants Armenia’s proposals on use of Chabahar port India is expecting proposals from Armenia regarding the use of Chabahar port in Iran, Indian ambassador says. EU welcomes Armenia-Azerbaijan “progress” The EU has welcomed “progress” made in the framework of the Armenia-Azerbaijan border delimitation process. Belarus opposition leader slams Lukashenko for Karabakh trip Belarusian opposition politician Sviatlana Tsikhanouskaya has harshly criticized the visit of Lukashenko to Karabakh. Mkhitaryan raises arrest of former Karabakh leaders in Azerbaijan Inter Milan star Henrikh Mkhitaryan has shared a news story about the extension of the arrest of former Karabakh leaders. |