Apple nears record as market cap again surpasses $1 trillion

Apple Inc. shares rose for a fourth straight session on Thursday, with the iPhone maker hitting its highest level since October as investors continued to feel bullish about the company’s recent product event.

Shares gained as much as 1.3 per cent on the day and have risen nearly 17 per cent off a low hit in August. The rally puts the company less than 3 per cent below a record close hit in October 2018.

With the day’s move, Apple further expanded its market capitalization above the $1 trillion threshold. When Apple closed in the 13-digit club on Wednesday, that was the first time it had done so this year.