Stocks extend gains: Dow up over 400 points, S&P 500 up 38, Nasdaq gains 132

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Apple CEO Cook awarded stock grants with current valuation of up to $114 million

Apple undefined said in a Securities and Exchange Commission filing that it will give its chief executive, Tim Cook, stock currently valued at $114 million. The biggest portion of the restricted stock is eligible for distribution on Oct. 1, 2023, and is based on Apple shareholder performance between fiscal 2021 and fiscal 2023. Cook also is due to receive further grants in April 2023, April 2024 and April 2025. Apple stock ended Tuesday down 87 cents to $114.09, but has surged 55% this year.

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