Apple Inches Toward Record After Report on Autonomous Car Plans
- Shares eye a second second straight annual gain above 80%
- Recent advance has come on signs of strong iPhone demand
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Apple Inc. rose on Tuesday, with the stock returning to near-record levels after Reuters reported that the company plans to build a self-driving car and is targeting 2024 to produce the vehicle.
The stock gained as much as 4.8% to its highest level since September, adding about $100 billion to the iPhone maker’s market value. Apple’s session high would represent a record close for the stock.