Shares of Apple Inc. /zigman2/quotes/202934861/composite AAPL +0.51% advanced 3.16% to $165.30 Tuesday, on what proved to be an all-around dismal trading session for the stock market, with the NASDAQ Composite Index /zigman2/quotes/210598365/realtime COMP +0.59% falling 1.55% to 15,537.69 and Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -0.56% falling 1.86% to 34,483.72. This was the stock's second consecutive day of gains. Apple Inc. closed $0.40 short of its 52-week high ($165.70), which the company achieved on November 22nd.
The stock outperformed some of its competitors Tuesday, as Microsoft Corp. /zigman2/quotes/207732364/composite MSFT +1.77% fell 1.79% to $330.59, Alphabet Inc. Cl A /zigman2/quotes/202490156/composite GOOGL +0.64% fell 2.50% to $2,837.95, and International Business Machines Corp. /zigman2/quotes/203856914/composite IBM -0.41% fell 1.18% to $117.10. Trading volume (168.5 M) eclipsed its 50-day average volume of 74.0 M.