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Closing Bell: Apple at Record High; Dow Snaps Eight-Session Losing Streak as Financials Rise

The Dow Jones Industrial Average snapped an eight-session losing streak today, its longest stretch of losses in six years.

The Dow Jones Industrial Average snapped an eight-session losing streak today, its longest stretch of losses in six years. Energy and financials helped all benchmark indexes close out the day at session highs. Tesla (TSLA) - Get Report rose after a disclosure showed Hong Kong-based Tencent acquired a 5% stake in March. Tencent purchased just over 8 million shares for roughly $1.8 billion. Apple (AAPL) - Get Report rallied to a new record close after UBS reiterated its support. The firm said Apple could conceivably trade as high as $200 over the next few years, 40% above current levels. Red Hat (RHT) - Get Report rallied after exceeding quarterly revenue estimates and guiding for full-year earnings above consensus. Sales over its recent quarter jumped nearly 16%.

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