Closing Bell: Apple Rallies to New Highs; U.S. Stocks End at Fresh Records for Day Three

Wall Street rallies to new records as leftover goodwill from Friday's rally pushes stocks to new heights.

Author:: Keris Alison Lahiff
Publish date:: Feb 13, 2017 4:28 PM EST

Monday Wall Street rallied to new records as leftover goodwill from Friday's rally pushed stocks to new heights. All three benchmark indexes have closed at records for the past three sessions after President Trump promised tax reform details were coming soon.

Apple (AAPL) - Get Report closed at a new record, smashing the old one set in February 2015. The world's largest company got a kick from UBS which noted that its services business was currently undervalued. Popeye's Louisiana Kitchen (PLKI) surged on a report that Restaurant Brands (QSR) - Get Report had approached the company regarding a takeover offer. Talks are ongoing, according to sources.

Teva Pharmaceuticals (TEVA) - Get Report climbed after reaffirming its fiscal 2017 guidance. The drugmaker anticipates adjusted earnings of at least $4.90 a share.