Apple Inc. closed lower Monday, reversing gains that sent shares to an all-time high earlier in the day, after investors balked at the steep price of its newly-launched Vision Pro mixed-reality headset.The stock had risen as much as 2.2% to a record high at the kickoff to its annual Worldwide Developers Conference.
Apple is still up 38% year to date as a beneficiary of the rotation back into technology stocks, a remarkable turnaround for a stock that sank to a 19-month low in the first trading days of the year. In addition, its recent results topped expectations, thanks to a rebound in its iPhone and growth in its Services business.
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