Oil Giant Aramco Regains Top Spot From Apple as Tech Rally Fades
- Date: 14-Sep-2020
- Source: Bloomberg
- Sector:Financial Markets
- Country:Saudi Arabia
Oil Giant Aramco Regains Top Spot From Apple as Tech Rally Fades
Saudi Aramco is once again the world's most valuable company after its market capitalization rose a shade above Apple Inc. amid a slump in U.S. technology shares.The state oil giant's stock has gained 1.1% in Riyadh this month, despite Brent crude dropping 12% to below $40 a barrel as concerns about an acceleration in coronavirus infections mount.