Apple closes above $600 a share

Apple shares yesterday topped $600 last night, leading the S&P 500 and Nasdaq higher. The stocks rose 1.4 per cent to $600.96, hitting $600 for the first time since October 2012. The gains follow by strong first quarter figures for the iPhone maker last week. Apple also said it was boosting its share buyback scheme by an extra $30bn to $90bn, increased its dividend by eight per cent and said it will split its stock.