Shares of Cummins Inc. CMI rose 3.15% to $238.83 Thursday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index SPX rising 1.71% to 4,438.26 and the Dow Jones Industrial Average DJIA rising 1.56% to 34,912.56. This was the stock's second consecutive day of gains. Cummins Inc. closed $38.26 below its 52-week high ($277.09), which the company reached on March 16th.
The stock outperformed some of its competitors Thursday, as Caterpillar Inc. CAT rose 2.85% to $194.33, General Electric Co. GE rose 0.37% to $102.74, and Paccar Inc. PCAR rose 2.84% to $86.53. Trading volume (814,261) remained 166,529 below its 50-day average volume of 980,790.