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Shares of Broadcom Inc. (AVGO) advanced 1.41% to $563.22 Friday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.72% to 4,682.85 and the Dow Jones Industrial Average rising 0.50% to 36,100.31. This was the stock's second consecutive day of gains. Broadcom Inc. closed $0.67 short of its 52-week high ($563.89), which the company achieved on November 8th.
The stock outperformed some of its competitors Friday, as Taiwan Semiconductor Manufacturing Co. Ltd. ADR (2330.TW) rose 0.42% to $118.69, NVIDIA Corp. (NVDA) remained unchanged, and Intel Corp. (INTC) fell 0.44% to $50.31. Trading volume (1.4 M) remained 307,667 below its 50-day average volume of 1.7 M.
Data source: Dow Jones Market Data, FactSet. Data compiled November 12, 2021.
(END) Dow Jones Newswires
November 12, 2021 16:38 ET (21:38 GMT)
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