The combination of this month’s retreat in global equities and gains by U.S. consumer stocks has made American companies the five biggest in the world for the first time in eight years.
Exxon Mobil Corp., Apple Inc., Google Inc., Berkshire Hathaway Inc. and Wal-Mart Stores Inc. are now the largest by market value, according to data compiled by Bloomberg. PetroChina Co., one of three Chinese stocks in the top five last year, slipped to No. 6. Two companies that relied on banking profits, Citigroup Inc. and General Electric Co., fell out since American firms last held the leading spots at the end of 2004.
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