Apple more valuable than the entire FTSE 100

The valuation of US tech giant Apple has continued to surge, and has now surpassed the entire value of all the members of the UK's top share index. Apple's shares rose 4% on Tuesday, valuing it at $2.3 trillion, compared to the £1.5tn value of all the companies in the FTSE 100. It is just two weeks since Apple became the first US firm to be valued at $2tn. Investors have been snapping up US tech stocks as demand for tech goods has surged amid the coronavirus pandemic. The iPhone-maker has seen its share price more than double since March, when panic about the coronavirus pandemic swept the world's stock markets. "The FTSE 100 is a dinosaur, full of rather lumbering old-world stocks with precious little growth to offer," said Neil Wilson, chief market analyst for Markets.com.

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