Howard Silverblatt, senior index analyst at S&P Indices, states that Apple will officially be dubbed the 10th company to reach the summit if its market-cap is higher than Exxon’s at the market close.
Apple is the largest holding in PowerShares QQQ (NasdaqGM: QQQ) at about 12%. The tech ETF is down 2.2% year to date, according to Morningstar.
Meanwhile, Exxon is the top stock in Energy Select Sector SPDR Fund (NYSEArca: XLE) at roughly 17%. The energy ETF is off 2% so far in 2011.
PowerShares QQQ
Energy Select Sector SPDR Fund
Max Chen contributed to this article.