Shares of Apple Inc. /zigman2/quotes/202934861/composite AAPL +1.56% shed 0.61% to $163.76 Thursday, on what proved to be an all-around favorable trading session for the stock market, with the NASDAQ Composite Index /zigman2/quotes/210598365/realtime COMP +1.60% rising 0.83% to 15,381.32 and the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +0.98% rising 1.82% to 34,639.79. This was the stock's second consecutive day of losses. Apple Inc. closed $6.54 short of its 52-week high ($170.30), which the company reached on December 1st.
The stock underperformed when compared to some of its competitors Thursday, as Microsoft Corp. /zigman2/quotes/207732364/composite MSFT +2.13% fell 0.18% to $329.49, Alphabet Inc. Cl A /zigman2/quotes/202490156/composite GOOGL +1.40% rose 1.36% to $2,859.32, and International Business Machines Corp. /zigman2/quotes/203856914/composite IBM +0.68% fell 0.02% to $116.90. Trading volume (136.3 M) eclipsed its 50-day average volume of 77.5 M.