Social media company Snap (SNAP 1.24%) saw its share price creep higher on Hump Day, thanks mainly to the announcement of a new product. The company will face some stiff competition, however, so the market's bullishness was guarded; the stock only rose by 1.2% on the news. That was good enough to beat the S&P 500 (^GSPC -0.27%), though, as that indicator fell by 0.3% on the day.Seeing the launch of a new productToward the end of Tuesday's trading session, Snap announced that it is launching a new line of te ...