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Shares of International Business Machines Corp. (IBM) slid 3.92% to $132.94 Wednesday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 4.04% to 3,923.68 and Dow Jones Industrial Average falling 3.57% to 31,490.07. The stock's fall snapped a five-day winning streak. International Business Machines Corp. closed $13.05 below its 52-week high ($145.99), which the company reached on June 10th.
Despite its losses, the stock outperformed some of its competitors Wednesday, as Apple Inc. (AAPL) fell 5.64% to $140.82, Microsoft Corp. (MSFT) fell 4.55% to $254.08, and Alphabet Inc. Cl A (GOOGL) fell 3.93% to $2,237.99.true Trading volume (6.0 M) eclipsed its 50-day average volume of 4.9 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 18, 2022.
(END) Dow Jones Newswires
May 18, 2022 16:59 ET (20:59 GMT)
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