Shares of International Business Machines Corp. IBM, +0.26% inched 0.90% higher to $137.79 Wednesday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index SPX, -0.15% falling 0.72% to 4,274.04 and Dow Jones Industrial Average DJIA, -0.23% falling 0.50% to 33,980.32. This was the stock’s sixth consecutive day of gains. International Business Machines Corp. closed $6.94 below its 52-week high ($144.73), which the company reached on June 6th.
The stock outperformed some of its competitors Wednesday, as Apple Inc. AAPL, -0.62% rose 0.88% to $174.55, Microsoft Corp. MSFT, -0.47% fell 0.26% to $291.32, and Alphabet Inc. Cl A GOOGL, -0.34% fell 1.77% to $119.55. Trading volume (3.7 M) remained 1.6 million below its 50-day average volume of 5.3 M.
Editor’s Note: This story was auto-generated by Automated Insights, an automation technology provider, using data from Dow Jones and FactSet. See our market data terms of use.
U.S. stock indexes fall but close off session lows, after minutes of the Federal Reserve's July meeting indicate policy makers were prepared to keep lifting rates but were wary of overdoing it.
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