Apple Stock Inching Towards $170

AAPL stock closed on Monday at US$167.91 and set a new record. Shares were up $6.46 for the day or 4.00 percent.

The trading volume was 29.7 million shares. No specific event seems to be driving the price. However, investors are likely exhuberant over Appleis ability to keep the iPhone locked and likely good news on the Macintosh sales front to be reported at the next earnings report scheduled for Monday, October 22.