Shares of Apple Inc. rallied 1.3% in premarket trade Monday, bouncing after last week’s selloff, as investors positioned for the technology giant’s product event, in which the much-anticipated new 10th-anniversary iPhone will be unveiled. The rally sets the stock to snap a four-session losing streak, in which the stock pulled back 3.3% from the Sept. 1 record close of $164.05. J.P. Morgan analyst Rod Hall said the most important unveil on Tuesday will be the specific week in October that the new iPhone begins shipping, because that could be a “few million units of impact” on his fiscal first-quarter earnings forecasts. Despite the recent weakness, the stock has run up 6.5% over the past three months, while the technology-heavy Nasdaq 100 has gained 3.0% and the Dow Jones Industrial Average has tacked on 2.5%.
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