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Shares of Bank of New York Mellon Corp. (BK) rallied 2.72% to $41.17 Friday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 1.85% to 4,136.25 and the Dow Jones Industrial Average rising 1.65% to 33,674.38.
The stock's rise snapped a four-day losing streak.
Bank of New York Mellon Corp. closed $11.09 below its 52-week high ($52.26), which the company achieved on February 14th.
The stock demonstrated a mixed performance when compared to some of its competitors Friday, as JPMorgan Chase & Co. (JPM) rose 1.95% to $136.74, Wells Fargo & Co. (WFC) rose 3.32% to $37.94, and Morgan Stanley (MS) rose 2.75% to $84.88.
Trading volume (4.9 M) remained 1.2 million below its 50-day average volume of 6.1 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 5, 2023.
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May 05, 2023 16:41 ET (20:41 GMT)
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