Charles Schwab Corp. Stock Outperforms Market On Strong Trading Day
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Shares of Charles Schwab Corp. (SCHW) rose 9.19% to $56.68 Tuesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 1.65% to 3,919.29 and the Dow Jones Industrial Average rising 1.06% to 32,155.40. The stock's rise snapped a three-day losing streak. Charles Schwab Corp. closed $36.48 below its 52-week high ($93.16), which the company reached on March 29th.
The stock outperformed some of its competitors Tuesday, as Blackstone Inc. (BX) rose 3.27% to $86.21, Morgan Stanley (MS) rose 2.25% to $89.97, and BlackRock Inc. (BLK) rose 1.93% to $637.83. Trading volume (111.8 M) eclipsed its 50-day average volume of 13.2 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 14, 2023.
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March 14, 2023 20:38 ET (00:38 GMT)
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