Shares of American International Group Inc. /zigman2/quotes/203700638/composite AIG +0.06% rose 1.65% to $59.61 Wednesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index /zigman2/quotes/210599714/realtime SPX +0.08% rising 0.37% to 4,536.19 and the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -0.56% rising 0.43% to 35,609.34. This was the stock's second consecutive day of gains. American International Group Inc. hit a new 52-week high, surpassing its previous peak of $59.18, which the company achieved on October 19th.
The stock outperformed some of its competitors Wednesday, as Prudential PLC ADR /zigman2/quotes/205760760/composite PUK -0.58% fell 0.98% to $40.55, Arch Capital Group Ltd. /zigman2/quotes/206499364/composite ACGL +1.43% rose 1.35% to $42.64, and American Financial Group Inc. /zigman2/quotes/204294782/composite AFG +0.0074% rose 1.63% to $136.16. Trading volume (3.1 M) remained 1.3 million below its 50-day average volume of 4.4 M.