News Formal

Apple's stock surges back above $1 trillion market cap in intraday trading, pacing Dow

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 97%

United States News News

United States United States Latest News,United States United States Headlines

If this keeps up today, a certain tech giant will be back on track to join the $1 trillion club.

Shares of Apple Inc.

rallied 2.4% in midday trading toward a near 11-month high, after J.P. Morgan raised its price target, citing signs of better-than-expected iPhone sales. The technology giant's stock paced the Dow Jones Industrial Average's DJIA, +0.56% gainers, with the price gain of $5.31 adding 36 points to the Dow's price, which rose 155 points. The stock was on track to close at the highest level since Oct.

at $857.1 billion. Apple's stock has now run up 13% over the past three months while the Dow has tacked on 1.4%.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Beauty company must pay FTC $1.76M for falsely labeling products as organic and vegan — how NOT to get dupedA brand sold at Nordstrom and Urban Outfitters ‘harmed consumers,’ the FTC said.
Source: MarketWatch - 🏆 3. / 97 Read more »