Shares of Apple rose more than 2% Friday at a record $193.97. With 15.7 billion shares outstanding, that stock price pushed Apple to its historic market value. Apple has been here once before: On January 3, 2022, Apple hit the $3 trillion mark during intraday trading, but it failed to close there. The company’s stock closed Thursday at a record high share price for the third-straight day, but it merely budged 0.2% higher. Apple easily surpassed the $190.
Apple plans to charge a hefty $3,499 for its headset, which currently has limited apps and experiences, and requires users to stay tethered to a battery pack the size of an iPhone. Apple’s\n \n stock has skyrocketed 49% this year, boosted by a broader surge in Big Tech stocks as investors have jumped onto the AI bandwagon. Nvidia\n \n leads the S&P 500 with a 190% jump this year, followed by Meta\n \n at 138%. The Nasdaq grew by 31.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stocks end higher Friday, Nasdaq scores best first half of a year since 1983U.S. stocks closed higher Friday, ending the month strong and the first half of 2023 with robust gains as a long anticipated economic recession failed to...
Read more »
Stock Market Today: Nasdaq jumps 1% as Fed's preferred gauge shows slower inflationMarketWatch Live: Nasdaq jumps as Fed-preferred gauge reflects cooling inflation
Read more »