Apple closes above $700 for first time
NEW YORK (AP) – Apple’s stock closed above $700 for the first time on Tuesday, the day after it announced that orders for its iPhone 5 topped 2 million in the first 24 hours.
Shares closed at $701.91 Tuesday, up $2.13 from Monday’s close. They rose as high as $702.33 in afternoon trading Tuesday.
The rally in Apple’s stock price puts the company’s market value at $658 billion.
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