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Shares of Cisco Systems Inc. (CSCO) rallied 2.58% to $47.79 Friday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.48% to 3,965.34 and the Dow Jones Industrial Average rising 0.59% to 33,745.69. This was the stock's second consecutive day of gains. Cisco Systems Inc. closed $16.50 short of its 52-week high ($64.29), which the company achieved on December 29th.
The stock outperformed some of its competitors Friday, as Microsoft Corp. (MSFT) fell 0.19% to $241.22, International Business Machines Corp. (IBM) rose 1.06% to $147.64, and VMware Inc. (VMW) rose 0.98% to $116.56. Trading volume (30.8 M) eclipsed its 50-day average volume of 20.5 M.
Data source: Dow Jones Market Data, FactSet. Data compiled November 18, 2022.
(END) Dow Jones Newswires
November 18, 2022 16:47 ET (21:47 GMT)
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