Microsoft, which reported stellar earnings earlier this week, is now worth about $2.49 trillion, compared to a market cap of $2.48 trillion for Apple.
The October rally for the broader market could bode well for investors.
“There are a couple of things that should support upward momentum for the market,” said Larry Adam, chief investment officer with Raymond James.
Now, a blank check firm that is planning to merge with Donald Trump’s social media company is taking the market by storm.
As the Fed gets set to taper, or cut back on, bond purchases, that could push long-term bond rates higher.