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Shares of Cisco Systems Inc. (CSCO) inched 0.82% higher to $61.53 Wednesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 1.02% to 4,696.56 and the Dow Jones Industrial Average rising 0.74% to 35,753.89. This was the stock's second consecutive day of gains. Cisco Systems Inc. hit a new 52-week high, surpassing its previous peak of $61.24, which the company reached on December 21st.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Microsoft Corp. (MSFT) rose 1.81% to $333.20, International Business Machines Corp. (IBM) rose 0.60% to $129.75, and VMware Inc. (VMW) fell 0.41% to $115.40. Trading volume (16.9 M) remained 4.3 million below its 50-day average volume of 21.2 M.
Data source: Dow Jones Market Data, FactSet. Data compiled December 22, 2021.
(END) Dow Jones Newswires
December 22, 2021 16:47 ET (21:47 GMT)
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