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Apple hits record high but leaves some investors in dust Feb 13, 2017
 
<p><a href="http://news.yahoo.com/apple-closes-record-high-first-time-since-2015-211446066--finance.html"><img src="http://l3.yimg.com/bt/api/res/1.2/wNJu1P1dDXbJvEeZg93nDA--/YXBwaWQ9eW5ld3NfbGVnbztmaT1maWxsO2g9ODY7cT03NTt3PTEzMA--/http://media.zenfs.com/en_us/News/Reuters/2017-02-13T211704Z_1006950002_LYNXMPED1C1IQ_RTROPTP_2_CBUSINESS-US-USA-MARKETS-APPLE.JPG" width="130" height="86" alt="The Apple Inc. store is seen on the day of the new iPhone 7 smartphone launch in Los Angeles" align="left" title="The Apple Inc. store is seen on the day of the new iPhone 7 smartphone launch in Los Angeles" border="0" /></a>Apple shares cruised to a record-high close Monday, helping catapult the S&P 500 stock index over the $20 trillion mark in what amounts to a victory for plain-vanilla mutual funds over a bevy of hedge fund managers who recently backed away from the iPhone maker. The largest component of the S&P 500 and a core holding on Wall Street, Apple's stock climbed 0.9 percent to end at $133.29, above its record high close of $133.00 hit on Feb. 23, 2015 and giving it a market value of about $699 billion. Its increase helped balloon the S&P 500's market capitalization on Monday beyond $20 trillion for the first time.</p><br clear="all"/>
 
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