The Dow dropped 2 percent as fears about corporate earnings overwhelmed investors in the wake of General Electric Co's lower-than-expected first-quarter results. The TSX followed closely behind down 220 points.

In the midst of all this, APH still managed to close only 2 points down and held up very well. I am reminded of the tanking markets in Decmber and January where APH held its ground and seemed to trade independent of the market.