Apple hits record high
Apple shares cruised to a record-high close Monday, helping catapult the S&P 500 stock index over the US$20 trillion mark in what amounts to a victory for plain-vanilla mutual funds over a bevy of hedge fund managers who recently backed away from the iPhone maker.
The largest component of the S&P 500 and a core holding on Wall Street, Apple's stock climbed 0.9 percent to end at US$133.29, above its record high close of US$133.00 hit on Feb.
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