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Apple Rallies Like It’s 2003 as Buyers Flock Back to Big Tech

  • Megacaps are rebounding with Amazon, Apple erasing 2022 slump
  • IPhone maker climbs for 11 days, its longest run since 2003
Apple iPhone SE 3 smartphones during the sales launch at the Apple Inc. flagship store in New York, U.S., on March 18.

Apple iPhone SE 3 smartphones during the sales launch at the Apple Inc. flagship store in New York, U.S., on March 18.

Photographer: Gabby Jones/Bloomberg
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Apple Inc. extended gains on Tuesday, in a winning-streak last seen nearly two decades ago, as improved risk sentiment is sending investors back to the largest U.S. technology companies. 

Apple rose for an 11th-consecutive day in New York, climbing 1.9% to close at $178.96 and roughly $3 shy of a closing record reached in early January. The longest-winning streak since 2003 sent the stock back into the green for the year, and follows similar breakouts in Nvidia Corp. and Amazon.com Inc. in the past week.