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Shares of Starbucks Corp. (SBUX) rallied 1.94% to $86.49 Wednesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 2.13% to 4,210.24 and the Dow Jones Industrial Average rising 1.63% to 33,309.51. The stock's rise snapped a four-day losing streak. Starbucks Corp. closed $34.27 short of its 52-week high ($120.76), which the company reached on September 10th.
The stock outperformed some of its competitors Wednesday, as PepsiCo Inc. (PEP) rose 0.83% to $175.94, McDonald's Corp. (MCD) rose 0.50% to $261.36, and Yum! Brands Inc. (YUM) rose 1.92% to $119.18. Trading volume (5.1 M) remained 2.5 million below its 50-day average volume of 7.6 M.
Data source: Dow Jones Market Data, FactSet. Data compiled August 10, 2022.
(END) Dow Jones Newswires
August 10, 2022 17:19 ET (21:19 GMT)
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