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Shares of Qualcomm Inc. (QCOM) dropped 0.39% to $186.50 Wednesday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 1.94% to 4,700.58 and Dow Jones Industrial Average falling 1.07% to 36,407.11. The stock's fall snapped a three-day winning streak. Qualcomm Inc. closed $6.18 below its 52-week high ($192.68), which the company achieved on December 16th.
Despite its losses, the stock outperformed some of its competitors Wednesday, as Alphabet Inc. Cl A (GOOGL) fell 4.59% to $2,755.50, NVIDIA Corp. (NVDA) fell 5.76% to $276.04, and Cisco Systems Inc. (CSCO) fell 1.58% to $60.28.true Trading volume (17.1 M) eclipsed its 50-day average volume of 11.0 M.
Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 5, 2022.
(END) Dow Jones Newswires
January 05, 2022 17:20 ET (22:20 GMT)
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