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Apple hits record highs ahead of iPhone reveal

Expectations for Apple Inc.’s next round of devices are helping to push the world’s most valuable company to new heights.

Apple AAPL, +0.89% shares reached record intraday and closing prices Tuesday, ending the day’s session with a 0.9% gain at $162.91, topping the previous closing high of $161.60, set Aug. 15. The improvement pushed Apple’s record market cap above $840 billion, the result of gains that have pushed the share price more than 40% higher so far in 2017, as the S&P 500 index SPX, +0.08% has gained 9.2% and the Dow Jones Industrial DJIA, +0.26% , which includes Apple as a component, has increased 10.6%.

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