Apple Inc. stock outperforms competitors despite losses on the day

Shares of Apple Inc.
AAPL,
-0.25%
dropped 0.25% to $145.49 Wednesday, on what proved to be an all-around grim trading session for the stock market, with the NASDAQ Composite Index
COMP,
-0.15%
falling 0.15% to 11,247.58 and Dow Jones Industrial Average
DJIA,
-0.67%
falling 0.67% to 30,772.79. Apple Inc. closed $37.45 below its 52-week high ($182.94), which the company achieved on January 4th.

Despite its losses, the stock outperformed some of its competitors Wednesday, as Microsoft Corp.
MSFT,
-0.37%
fell 0.37% to $252.72, Alphabet Inc. Cl A
GOOGL,
-2.34%
fell 2.34% to $2,227.07, and International Business Machines Corp.
IBM,
-1.44%
fell 1.44% to $137.18.true Trading volume (70.9 M) remained 24.6 million below its 50-day average volume of 95.4 M.