Apple’s market valuation closed above $3tn for the first time as its shares hit a record high on Friday and the wider technology sector rallied.
Shares in the company rose 2.3 per cent to $193.97 on the final trading session for June, while the tech-focused Nasdaq Composite index gained 1.4 per cent to notch for its best start to a calendar year since 1983.
Wall Street’s benchmark S&P 500 added 1.2 per cent on Friday, with stocks lifted by lower than expected inflation data giving investors hope that interest rates could soon hit their peak.
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