Shares in Apple Inc. traded higher in Wednesday trading, pushed in part by a tech rally lead by Yahoo! and Sun Microsystems, who turned in better than expected fourth quarter results. Apple was also helped by news from AT&T that saw the iPhone's U.S. carrier see an increase in revenues due to the success of the iPhone.
As of this writing, Apple was trading at US$93.91, a gain of $3.18 (+3.50%) on moderately light volume. The stock had traded as high as $95 per share, but began shedding some of its gains in the late afternoon session.
*In the interest of full disclosure, the author holds a small share in AAPL stock that was not an influence in the creation of this article.