Shares of Apple Inc. /zigman2/quotes/202934861/composite AAPL -4.91% 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 /zigman2/quotes/210598365/realtime COMP -2.84% rising 2.89% to 12,854.80 and the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -1.54% 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. /zigman2/quotes/207732364/composite MSFT -1.48% rose 2.43% to $289.16, Alphabet Inc. Cl A /zigman2/quotes/202490156/composite GOOGL -2.63% rose 2.63% to $119.70, and International Business Machines Corp. /zigman2/quotes/203856914/composite IBM -0.92% 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.