Carrier Global Surpasses Public Storage to Become 223rd Largest Company

Carrier Global Corp has surpassed Public Storage to become the 223rd largest company in the S&P 500, with a market capitalization of $49.5 billion, compared to Public Storage's $46.97 billion. Market capitalization is important for investors as it gives a true comparison of a company's value and can impact mutual fund and ETF ownership. Carrier Global Corp is down 7.6% while Public Storage is up 0.2% on the day.