As the biggest stock in the world, Apple (AAPL) has the biggest impact on the indices it's a part of. The company has also been the clear leader of the current bull market that began back in 2009.
Apple broke out to a new all-time high on Friday, surpassing its prior high reached in early April. As market leader and world's biggest company, Apple at new highs gives bulls even more confidence that the major indices can take out their April highs as well.
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