Apple (AAPL) shares closed at all-time highs on Tuesday, at $165.30. The stock was up more than 3%, as investors flocked to the iPhone maker amid a broader market selloff.
“It seems to be like a flight to safety trade,” Matt Maley managing director equity strategist Miller Tabak told Yahoo Finance on Tuesday.
Some analysts have also noted the company’s impressive cash flows would help it weather any future downturn.
The stock’s upward movement came on the same day Fed Chair Jerome Powell
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