Apple's stock set to open in record territory, as it looks to extend win streak


Shares of Apple Inc. AAPL, -0.34% rose 0.3% in premarket trading Tuesday into record territory, as investors appeared undeterred by the technology behemoth closing stores in New York City to shoppers following a surge in COVID-19 cases. The stock ran up 2.3% on Monday to its 24 record close of the year, and has climbed 6.2% amid a four-day win streak. Investors may be comforted that Apple’s NYC stores aren’t completely shuttered, as online orders can still be picked up outside those stores. In addition, the surge in COVID-19 cases hasn’t stopped the broader stock market from rallying, as the S&P 500 SPX, +0.16% has shot up 4.9% the past four days to close Monday at its 69th record in 2021.

Source: Marketwatch

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