Shares of Apple Inc. /zigman2/quotes/202934861/composite AAPL -1.89% advanced 3.54% to $171.18 Tuesday, on what proved to be an all-around great trading session for the stock market, with the NASDAQ Composite Index /zigman2/quotes/210598365/realtime COMP -2.60% rising 3.03% to 15,686.92 and the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -1.51% rising 1.40% to 35,719.43. This was the stock's second consecutive day of gains. Apple Inc. hit a new 52-week high, surpassing its previous peak of $170.30, which the company reached on December 1st.
The stock outperformed some of its competitors Tuesday, as Microsoft Corp. /zigman2/quotes/207732364/composite MSFT -2.43% rose 2.68% to $334.92, Alphabet Inc. Cl A /zigman2/quotes/202490156/composite GOOGL -2.50% rose 2.87% to $2,945.39, and International Business Machines Corp. /zigman2/quotes/203856914/composite IBM -0.95% rose 1.39% to $121.58. Trading volume (120.4 M) eclipsed its 50-day average volume of 83.2 M.