Shares of State Street Corp. STT dropped 0.28% to $84.74 Wednesday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index SPX rising 0.15% to 4,079.95 and the Dow Jones Industrial Average DJIA rising 0.05% to 33,446.26. This was the stock's second consecutive day of losses. State Street Corp. closed $3.15 short of its 52-week high ($87.89), which the company reached on March 18th.
The stock underperformed when compared to some of its competitors Wednesday, as JPMorgan Chase & Co. JPM rose 1.57% to $154.93, Bank of America Corp. BAC rose 0.91% to $40.05, and Citigroup Inc. C rose 0.12% to $72.69. Trading volume (1.9 M) remained 1.2 million below its 50-day average volume of 3.0 M.