Apple Was Most Valuable U.S. Company

    FILE - In this file photo made May 28, 2010, customers are silhouetted at the launch of the new iPad tablet computer at an Apple store in central in Rome, Italy. Wal-Mart Stores Inc. said Tuesday, Oct. 12, 2010, it will start selling Apple Inc.'s iPad tablet computer in some stores by Friday and in a majority of locations by the height of the holiday shopping season.  (AP Photo/Angelo Carconi, File)

    Angelo Carconi / AP Photo

    Stocks are going haywire in the current erratic market, so much so that Apple had a brief moment in the spotlight as the most valuable company in the U.S. For part of Tuesday, Apple's market value climbed to $341.5 billion, inching past ExxonMobil’s $341.4 billion. But the oil giant makes more than four times Apple’s annual revenue, the technology company’s claim to fame as the largest company in the U.S. was fleeting. Apple closed at $374.01 today, up 5.9 percent, giving it a market value of $346.7 billion. Shares of Exxon rose 2.1 percent to $71.64, valuing the company at $348.3 billion.

    Read it at Reuters