Apple Holding Up Despite Market Meltdown

Apple Inc. AAPL shares are trading lower by $0.20 at $141.46 in Tuesday's session.

Despite carnage in the broad market, the stock made a new all time-high earlier in today's session at $142.80. That exceeds its former all-time high made Monday at $141.50.

Before the open, the company announced some new products and that, along with its price target raise at Bernstein, had the Apple cart loaded with bulls.

After a higher open, Apple's stock sprinted to $142.80 before reversing course. The ensuing decline has taken the issue beyond Monday's all-time closing high price ($141.46) to $141.22, but it's trying to reclaim that historical level.