Apple’s shares soar to a new high and closer to a $3 trillion market cap

$Apple (AAPL.US)$ shares ended at their first all-time high in more than a year on Monday, in the latest sign of how big tech has reclaimed its leadership mantle.
Shares rose 1.56% to end the session at $183.79. This is Apple’s first closing high since January 2022, though it hit an intraday record after it unveiled its Vision Pro mixed-reality headset last week. The day’s gain brings Apple’s 2023 advance above 41%, compared with the 35% gain of the Nasdaq 100 Index.

The advance has helped to support the broader market, as Apple is by far the biggest company on Wall Street. It accounts for 7.5% of the $S&P 500 Index (.SPX.US)$ , and the stock’s gain this year has resulted in a market capitalization of $2.89 trillion, putting it back within striking distance of achieving a historic $3 trillion valuation.