Shares of Microsoft Corp. /zigman2/quotes/207732364/composite MSFT -0.20% rallied 2.43% to $289.16 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 -1.03% rising 2.13% to 4,210.24 and the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -1.11% rising 1.63% to 33,309.51. This was the stock's second consecutive day of gains. Microsoft Corp. closed $60.51 below its 52-week high ($349.67), which the company achieved on November 22nd.
The stock underperformed when compared to some of its competitors Wednesday, as Apple Inc. /zigman2/quotes/202934861/composite AAPL +0.23% rose 2.62% to $169.24, Alphabet Inc. Cl A /zigman2/quotes/202490156/composite GOOGL -0.58% rose 2.63% to $119.70, and SAP SE ADR /zigman2/quotes/207905606/composite SAP +0.20% rose 2.46% to $96.07. Trading volume (24.3 M) remained 3.0 million below its 50-day average volume of 27.3 M.