Apple Posts Longest Rally Since July as Tech Broadly Falls
- The iPhone maker bucked a trend of a rotation out of growth
- MKM analyst says Apple has potential to continue moving higher
This article is for subscribers only.
Apple Inc. shares closed at a record high on Monday, with the iPhone maker bucking broad-based weakness in the tech sector to rise for a seventh straight session.
The stock rose as much as 3.2% but pared much of that advance in afternoon trading, ending with a gain of 0.3%. The company’s seven-day rally represents its longest streak of positive sessions since July.