This article was automatically generated by MarketWatch using technology from Automated Insights.
Shares of Broadcom Inc. (AVGO) rallied 8.27% to $631.68 Friday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.95% to 4,712.02 and the Dow Jones Industrial Average rising 0.60% to 35,970.99. The stock's rise snapped a two-day losing streak. Broadcom Inc. hit a new 52-week high, surpassing its previous peak of $593.07, which the company reached on December 7th.
The stock outperformed some of its competitors Friday, as Taiwan Semiconductor Manufacturing Co. Ltd. ADR (2330.TW) fell 0.31% to $119.13, NVIDIA Corp. (NVDA) fell 0.96% to $301.98, and Intel Corp. (INTC) rose 0.22% to $50.59. Trading volume (5.6 M) eclipsed its 50-day average volume of 1.7 M.
Data source: Dow Jones Market Data, FactSet. Data compiled December 10, 2021.
(END) Dow Jones Newswires
December 10, 2021 16:38 ET (21:38 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.