Why Apple Could Have Trouble Reaching a $3 Trillion Market Cap

Stock markets were mixed at midday on Tuesday, as investors came back from the Memorial Day weekend feeling upbeat about technology stocks but worried about the broader economy. Declines for the Dow Jones Industrials offset gains in the Nasdaq Composite to leave the S 500 near the unchanged mark early Tuesday afternoon.

Many market commentators have noted that the bulk of the gains in the major indexes has come from a handful of big stocks. You won't find a bigger stock than Apple (NASDAQ: AAPL), as its market capitalization rose to nearly $3 trillion in early 2022. Yet even as other stocks make their push toward trillion-dollar market-cap status, Apple is dealing with a headwind in its efforts to retrace its record run -- and it has only itself to blame. Here's why.

Shares of Apple were higher by between 1% and 2% early Tuesday afternoon. Earlier in the morning, shares of the iPhone maker had risen to $179 per share, their best level in more than a year.

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Source Fool.com