Apple Shares Hit Record High As WWDC Hype Fuels S&P 500 Rally
AAPL•Apple stock soared to an all-time high ahead of its WWDC keynote, fueling a tech rally that pushed the S&P 500 to a new record. The surge propelled the ‘Magnificent 7’ stocks out of recent bear-market territory, reversing losses in major large-cap names.
1. Apple Hits Record High Ahead Of WWDC
Apple shares climbed to an unprecedented peak as investors positioned for announcements at the Worldwide Developers Conference, pushing the stock past its previous all-time high and breaking key resistance levels on heavy trading volume.
2. Tech Rally Pushes S&P 500 To New Record
A broad uptick in large-cap technology names drove the S&P 500 to its highest closing level ever, with gains led by Apple alongside Microsoft, Nvidia and Alphabet, marking a turnaround from the index’s mid-week pullback.
3. Magnificent 7 Recover From Bear Market Lows
The group of seven dominant tech stocks collectively shrugged off recent declines, with Apple’s record-high print catalyzing rebounds that reversed losses incurred during April’s brief bear-market scare and restored bullish momentum.
