Shares of Apple Inc. AAPL, +1.19% rallied 1.20% to $503.43 Monday, on what proved to be an all-around positive trading session for the stock market, with the NASDAQ Composite Index COMP, +0.60% rising 0.60% to 11,379.72 and the Dow Jones Industrial Average DJIA, +1.35% rising 1.35% to 28,308.46. This was the stock’s fifth consecutive day of gains. Apple Inc. hit a new 52-week high, surpassing its previous peak of $499.47, which the company reached on August 21st.
The stock demonstrated a mixed performance when compared to some of its competitors Monday, as Microsoft Corp. MSFT, +0.31% rose 0.31% to $213.69, Alphabet Inc. Cl A GOOGL, +0.60% rose 0.61% to $1,585.15, and International Business Machines Corp. IBM, +2.04% rose 2.05% to $125.68. Trading volume (85.6 M) eclipsed its 50-day average volume of 38.7 M.