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News Summary: Apple stock hits new high

By The Associated Press
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UP AT THE TOP: Apple’s stock hit a new high Friday after a four-month swoon, as investors look ahead to the release of a new iPhone and possibly a smaller iPad.

THE NUMBERS: Apple Inc. saw its stock hit $645.48 in afternoon trading, before retreating a bit. The previous high for the stock was $644, hit on April 10.

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