Stock Market Closes Higher Amid Broad Activity On NYSE
United States stocks moved higher as trading stayed active on the New York Stock Exchange. Industrial and transportation averages advanced with notable gains in IBM along with several energy and steel names, while major indices posted modest gains after a day of volatile swings.
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IBM Dips To Yearly Low As Market Holds Steady
IBM shares fell to 272 amid a broad stock market advance led by the Dow Jones Industrial Average up 33 points to 892.99. Telex climbed after a court ruling allowing a potential $352.3 million IBM antitrust claim, while Wells Fargo and other banks raised prime rates prompting mixed reactions from analysts about peak rates.
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