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Tesla And Apple Stocks Jumped After Splits Become Effective

Investors rushed in to buy shares of newly split stocks Apple Inc. and Tesla Inc. as the two began their first day of trading at a more accessible price point.

Both stocks jumped to record intraday highs, outperforming a loss in the broader market. Apple shares gained as much as 4.2% to $130 after a 4-for-1 stock split, while Tesla added as much as 12.3% to $497 following a 5-for-1 split.