Shares of Cisco Systems Inc. CSCO, 0.81% rallied 3.74% to $59.93 Wednesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index SPX, 0.27% rising 1.63% to 4,709.85 and the Dow Jones Industrial Average DJIA, 0.44% rising 1.08% to 35,927.43. The stock’s rise snapped a two-day losing streak. Cisco Systems Inc. closed $0.34 short of its 52-week high ($60.27), which the company achieved on August 25th.
The stock outperformed some of its competitors Wednesday, as Microsoft Corp. MSFT, -0.37% rose 1.92% to $334.65, International Business Machines Corp. IBM, 2.28% fell 0.53% to $123.11, and VMware Inc. VMW, 2.05% rose 2.58% to $113.29. Trading volume (27.5 M) eclipsed its 50-day average volume of 19.5 M.