Apple Inc. on Thursday became the first U.S. company to surpass $1 trillion in market value, underscoring the iPhone maker’s explosive growth and its role in the technology industry’s ascent to the forefront of the global economy and markets.
Shares of the world’s most valuable public company rose $5.89, or 2.9%, to $207.39, making it worth slightly more than $1 trillion. Apple first reached the milestone when it climbed above $207.04 in midday trading. The stock has risen 23% so far this year, its latest rally coming after...