Apple Shares Surge to Record High as Rally Picks Up Steam
- ‘Time to start buying again,’ JPMorgan says in optimistic call
- Apple lagged megacap tech stocks in the first half of 2021
This article is for subscribers only.
Apple Inc. rallied to close at record high Wednesday amid optimism on its corporate growth outlook for the second half of the year.
It gained 1.8% to close at $144.57, smashing its January peak as some on Wall Street forecast a stronger rally over the next six months with iPhone sales poised to climb. It rose for a seventh day, the longest winning streak since April, propelling its market value to $2.4 trillion. Its shares remain slightly below an intraday record of $145.09, also set in January.