Stock market

Apple set to gap up in premarket trading Monday - update

November 19, 2012: 6:24 AM ET

Having closed at $527.68 Friday, the stock touched $535 before U.S. markets opened

Premarket trading in AAPL. Source: thinkorswim

FORTUNE -- After hitting a nine-month low shortly before noon on Friday, Apple (AAPL) shares bounced nearly $22 and closed in positive territory for the first time in a week. Judging from pre-market trading Monday, the stock was getting set to continue its recovery, along with the rest of the market. (S&P futures were up sharply as well.)

UPDATE: Apple opened at $540.62 and by 10 a.m. had hit $550, up more than $22 (4.2%) from Friday's close.

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