International Business Machines Corp.’s stock rocketed 8.7% in morning trade Wednesday, putting it on track to post the biggest post-earnings rally in nearly nine years. IBM reported late Tuesday profit and revenue that beat expectations. The last time the information technology company pleased investors this much with its quarterly report was Jan. 21, 2009, when the stock soared 11.5% after IBM reported fourth-quarter 2008 results. The day after the 34 quarterly reports in between, the stock had gained just nine times, by an average of 3.1%, ranging from gains of less than 0.1% and up to 5.7%. Separately, the stock’s price gain of $12.79 is the biggest for any day since it ran up $13.50 on July 20, 2000. The price gain was adding about 88 points to the price of the Dow Jones Industrial Average , which was up 110 points.
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