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Shares of Qualcomm Inc. (QCOM) rallied 3.18% to $185.40 Tuesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.92% to 4,713.07 and the Dow Jones Industrial Average rising 0.51% to 36,252.02. The stock's rise snapped a four-day losing streak. Qualcomm Inc. closed $8.18 below its 52-week high ($193.58), which the company achieved on January 5th.
The stock outperformed some of its competitors Tuesday, as Alphabet Inc. Cl A (GOOGL) rose 0.77% to $2,794.72, NVIDIA Corp. (NVDA) rose 1.52% to $278.17, and Cisco Systems Inc. (CSCO) rose 0.89% to $62.37. Trading volume (9.6 M) remained 1.9 million below its 50-day average volume of 11.5 M.
Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 11, 2022.
(END) Dow Jones Newswires
January 11, 2022 17:20 ET (22:20 GMT)
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