• As of Tuesday, Apple is valued as the world’s largest company by stock market value, at $2.7 trillion. Apple now has the highest weighting of any company in the S&P 500 over the past four decades, accounting for 7.3% of the S&P 500 index.
• Tesla will undergo a three-for-one stock split to occur on August 24th. The last time Tesla split its stock in August 2020, shares rose an incredible 81%. The split will attract retail investors, which is important to Tesla since 46% of the company’s shares available for trading are held by non-institutional investors. 
• The Nasdaq Composite is officially in a new bull market, the technology-focused stock index rose 2.9% Wednesday, reflecting a rise of more than 20% from its low in mid-June. The recent climb ended its longest bear market since 2008. 
• Optimism has become more common among investors since mid-June after corporate earnings exceeded expectations and data showed a slight decline in inflation. The S&P 500 ended Friday with its fourth straight week of gains, its longest weekly winning streak since November.