International Business Machines Corp. stock rises Wednesday, still underperforms market

Shares of International Business Machines Corp.
IBM,
+0.60%
inched 0.60% higher to $129.75 Wednesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index
SPX,
+1.02%
rising 1.02% to 4,696.56 and the Dow Jones Industrial Average
DJIA,
+0.74%
rising 0.74% to 35,753.89. This was the stock’s second consecutive day of gains. International Business Machines Corp. closed $16.24 short of its 52-week high ($145.99), which the company achieved on June 10th.

The stock underperformed when compared to some of its competitors Wednesday, as Apple Inc.
AAPL,
+1.53%
rose 1.53% to $175.64, Microsoft Corp.
MSFT,
+1.81%
rose 1.81% to $333.20, and Alphabet Inc. Cl A
GOOGL,
+2.05%
rose 2.05% to $2,928.30. Trading volume (3.9 M) remained 2.3 million…

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