Apple's Stock Set To Open At Record Highs

Apple Inc.'s stock is rising 1.4% in premarket trade Monday, putting them on track to open at a fresh record high. The stock has traded within a range of up 1% at $134 to up 2.7% at $136.20 ahead of the open, after the technology giant reported better-than-expected fiscal second-quarter results after Monday's close. Apple's previous record highs were $133 on a closing basis on Feb. 23 and $133.60 on an intraday basis on Feb. 24. An open at current premarket levels would lift Apple's market capitalization to $783.72 billion, more than double the second-biggest U.S. company Microsoft at $388.5 billion.