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Apple Shares Climb Above $500 as Earnings Ignite Advance

Shares of Apple Inc. rallied above $500 for the first time after a two-week gain spurred by the iPhone maker’s first-quarter earnings report approached 20 percent.

Apple increased 1.9 percent to $502.60 today. In the Standard & Poor’s 500 Index, Google Inc., Priceline.com Inc. and Intuitive Surgical Inc. cost more per share, at $612.20, $571.15 and $503.07, respectively.