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Shares of International Business Machines Corp. IBM inched 0.87% higher to $128.25 Friday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index SPX falling 0.93% to 3,961.63 and Dow Jones Industrial Average DJIA falling 0.43% to 31,899.29. The stock's rise snapped a four-day losing streak. International Business Machines Corp. closed $16.48 short of its 52-week high ($144.73), which the company reached on June 6th.
The stock outperformed some of its competitors Friday, as Apple Inc. AAPL fell 0.81% to $154.09, Microsoft Corp. MSFT fell 1.69% to $260.36, and Alphabet Inc. Cl A GOOGL fell 5.63% to $107.90. Trading volume (6.5 M) eclipsed its 50-day average volume of 5.7 M.
Data source: Dow Jones Market Data, FactSet. Data compiled July 22, 2022.
(END) Dow Jones Newswires
July 22, 2022 16:59 ET (20:59 GMT)
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