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Shares of Broadcom Inc. (AVGO) rose 1.47% to $664.80 Thursday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 0.62% to 4,725.79 and the Dow Jones Industrial Average rising 0.55% to 35,950.56. This was the stock's fifth consecutive day of gains. Broadcom Inc. hit a new 52-week high, surpassing its previous peak of $657.16, which the company achieved on December 22nd.
The stock outperformed some of its competitors Thursday, as Taiwan Semiconductor Manufacturing Co. Ltd. ADR (2330.TW) fell 0.51% to $120.68, NVIDIA Corp. (NVDA) rose 0.82% to $296.40, and Intel Corp. (INTC) rose 0.67% to $51.31. Trading volume (2.3 M) eclipsed its 50-day average volume of 2.1 M.
Data source: Dow Jones Market Data, FactSet. Data compiled December 23, 2021.
(END) Dow Jones Newswires
December 23, 2021 16:39 ET (21:39 GMT)
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