Microsoft rejoins Apple in $2 trillion club as rally accelerates

A rally in the shares of Microsoft Corp. has the software giant’s market value set to close above $2 trillion for the first time in nearly six months amid a rebound in technology stocks.

Microsoft rose as much as 3.4% to $276.76 early Wednesday, joining Apple Inc. as the only stocks with market capitalizations above $2 trillion. This is the first time it has exceeded that level since August after rallying 29% from a November low. Apple has a market value of about $2.44 trillion.