If Not for Apple, S&P 500 Index Would Be Much Lower

Apple Inc.

shares are trading higher by $0.59 at $101.34 in Thursday's session. It is only of two of the top ten components of the index that are in the green. The other being, General Electric

shares which are trading higher by $0.15 at $30.33. After a flat open, Apple breached the pair of highs from Tuesday ($100.77) and Wednesday ($100.89), reaching $101.71 before retreating to its current level. The current high marks its highest level since the Street was not satisfied with its Q1 report. Also, the current high coincides with its January 22 ($101.46) and January 25 ($101.53).