$1 Trillion

It's such a magical mysteria
When you get that feeling
Better start believing
--Def Leppard

Yesterday Apple (AAPL) became the first domestic company to cross the $1 trillion mark in market cap. It is not the first company in history to be worth a trilly, though. That distinction goes to PetroChina whose stock rocketed past the benchmark during the oil boom more than a decade ago.

Of course, it hasn't exactly been roses for PetroChina stock since then.

I suppose we almost 'needed' at least one US stock to trade north of $1 trillion before the hysteria ends.

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