A group of seven of the most valuable publicly-traded U.S. companies are worth as much as the entire equity markets of Canada, Japan and the U.K. combined.
Apollo economist Torsten Slok illustrated as much in a Tuesday missive to clients and the financial press where he shared a couple of charts meant to illustrate how the group of seven U.S. companies, better known as “the Magnificent Seven,” has come to dominate the landscape of the global equity market.
With a market capitalization of roughly $2.8 trillion, Microsoft Corp., the second-most valuable U.S. stock after Apple Inc., is worth as much as the entire Canadian stock market, according to Slok’s figures.
Microsoft shares have gained 2% since the start of the year, making it one of the better-performing members of the elite group of megacap technology stocks.
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