International Business Machines Corp. surpassed Microsoft Corp. in market value based on closing stock prices for the first time since 1996, according to data compiled by Bloomberg.
IBM rose $1.62 to $179.17 at 4 p.m. Thursday on the New York Stock Exchange, giving it a market value of $214 billion. Microsoft fell 13 cents to $25.45 on the Nasdaq Stock Market, giving it a market value of $213.2 billion.