Shares closed at $230.98 on Thursday as the S&P 500 rose 1.02% to 7,209.01 and the Dow gained 1.62% to 49,652.14.
IBM remained 28.91% below its 52-week high of $324.90, reached on 12 November, despite outperforming Microsoft, whose shares fell 3.93%.
The stock's performance was mixed against peers as Alphabet's Class A and C shares jumped about 10%, while IBM trading volume of 6.2 million stayed slightly below its 50-day average.
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