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Shares of International Business Machines Corp. IBM inched 0.62% higher to $139.92 Friday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index SPX rising 1.92% to 3,863.16 and the Dow Jones Industrial Average DJIA rising 2.15% to 31,288.26. This was the stock's second consecutive day of gains. International Business Machines Corp. closed $4.81 short of its 52-week high ($144.73), which the company reached on June 6th.
The stock underperformed when compared to some of its competitors Friday, as Apple Inc. AAPL rose 1.15% to $150.17, Microsoft Corp. MSFT rose 1.04% to $256.72, and Alphabet Inc. Cl A GOOGL rose 1.28% to $2,235.55. Trading volume (4.5 M) remained 558,971 below its 50-day average volume of 5.0 M.
Data source: Dow Jones Market Data, FactSet. Data compiled July 15, 2022.
(END) Dow Jones Newswires
July 15, 2022 16:59 ET (20:59 GMT)
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