Apple Briefly Tops $3 Trillion Market Cap

Apple Inc. briefly touched $3 trillion in market value, making it the first U.S. company to do so.

Shares of the iPhone maker crossed that level intraday when they topped $182.856 Monday afternoon, reaching $182.88, according to FactSet. Apple’s stock closed the first trading day of the year up $4.44, or 2.5%, at $182.01.