Microsoft’s Stock Market Value Catches up With Apple

Microsoft’s Stock Market Value Catches up With Apple
A Microsoft store is pictured in New York City, New York, on Aug. 21, 2018. Reuters/Carlo Allegri
|Updated:

SAN FRANCISCO—Just four months after Apple Inc. breached the $1 trillion mark, the iPhone maker has lost its lead as Wall Street’s most valuable company and is on the verge of being replaced by Microsoft Corp.

Apple shares fell 1.77 percent in extended trade after U.S. President Donald Trump told The Wall Street Journal that tariffs could be placed on laptops and mobile phones imported from China.