Shares of Apple Inc. are on pace for a four-week high on Monday, after the company said iPhone 6S and 6S Plus preorders are on track to outpace last year’s opening weekend for the iPhone 6 and 6 Plus. Apple led the gainers on the Dow Jones Industrial Average, its shares climbing 1.7% to $116.09 in recent trade despite a 40-point drop for the Dow. The gains put the stock on track for its best day since August 18. However, its shares are still down nearly 9% over the last three months, versus an 8.2% decrease for the Dow. An Apple spokesperson on Monday said preorders for the new iPhone are on track to exceed last year’s opening-weekend record of 10 million. Fueling the improvement is the fact that China, which recently became Apple’s biggest iPhone market, was among the handful of country’s included in opening-weekend preorders. Last year, China didn’t get the iPhone 6 and iPhone 6 Plus until mid-October.
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From:: Stock Market News