Shares of Apple Inc. (NAS:AAPL) rose 2.62% to $169.24 Wednesday, on what proved to be an all-around favorable trading session for the stock market, with the NASDAQ Composite Index (NASDAQ:COMP) rising 2.89% to 12,854.80 and the Dow Jones Industrial Average (DOW:DJIA) rising 1.63% to 33,309.51. This was the stock's second consecutive day of gains. Apple Inc. closed $13.70 short of its 52-week high ($182.94), which the company achieved on January 4th.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Microsoft Corp. (NAS:MSFT) rose 2.43% to $289.16, Alphabet Inc. Cl A (NAS:GOOGL) rose 2.63% to $119.70, and International Business Machines Corp. (NYS:IBM) rose 1.57% to $131.50. Trading volume (69.4 M) remained 7.4 million below its 50-day average volume of 76.7 M.