The Dow Jones Industrial Average added nearly 35 points, or 0.27%, to close at 12,943. The blue-chip index, which has risen in four of the past five sessions, is now up 5.9% year-to-date.
IBM was the standout performer with a gain of nearly 4% to $195.34 after Big Blue eased past Wall Street's expectations for its latest quarter and lifted its earnings outlook. Because the Dow is price-weighted and IBM has the highest per share price in the index, the impact of its advance was considerable.
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