Global Market Capitalization Surges Past $116 Trillion on US Tech Gains

The total combined market capitalization for the top 10,427 publicly traded companies surged past $116 trillion as US markets opened on May 13. This marks the largest turnaround in at least the past two years, driven by rapidly rising Silicon Valley stocks pushing markets toward the global all-time high of $117.69 trillion reached on February 17.

The swift recovery follows a one-year low in early April, fueled by renewed market vigor. Key catalysts include the easing of trade tensions between the US and China, alongside significant investment commitments announced during US President Donald Trump’s meeting with Saudi Arabia’s Crown Prince Mohammed bin Salman.

Saudi Arabia has committed to invest heavily, with TRUMP securing a $600 billion deal. This development has injected up to $1 trillion into global markets, underscoring the interconnectedness of geopolitical developments and financial markets.