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September 19th, 2012
01:59 PM ET
Apple stock closes above $700
Another big day for Apple. Apple's stock closed above $700 for the first time. After hitting a high of $702.33 earlier in the afternoon, it finished at $701.91.
The stock's rise is all about the iPhone5. Last week's unveiling impressed consumers and investors and the company tallied a record 2 million pre-orders in the first 24 hours and that's double the first-day orders recorded last year by the iPhone 4S.
The company is setting records in both the business and tech worlds.
Which brings us to tonight's number: 16,611.
According to Bespoke's Paul Hickey, if Apple had been added to the Dow Jones in June 2009, that is where the Dow would currently be.
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