Shares of Apple Inc. (AAPL) rose 0.9% in midday trading, putting them on track for a fourth-straight gain. The stock, which has rallied 5.8% during the win streak, is also headed for the highest close since Oct. 9, 2018. The stock's gains come in the wake of the iPhone Launch Event on Tuesday ( ). Apple rejoined the trillion-dollar market capitalization club on Wednesday for the first time since Nov. 1. The market cap was recently $1.02 trillion, just behind Microsoft Corp.'s (MSFT) first-place market cap of $1.05 trillion. Apple's stock has run up 43.0% year to date and Microsoft shares have hiked up 35.2%, while the Dow Jones Industrial Average has gained 16.8%.
-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
September 12, 2019 11:54 ET (15:54 GMT)
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