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Qualcomm Inc. stock outperforms market despite losses on the day

Shares of Qualcomm Inc. QCOM, -0.29% fell 0.29% to $176.51 Friday on what turned out to be an all-encompassing gloomy trading session for the stock market, with the S&P 500 Index SPX, -0.84% ​​down 0.84% to 4,538.43 and Dow Jones Industrial Average DJIA, -0.17% fell 0.17% to 34,580.08. Qualcomm Inc. closed $12.26 below the 52-week high ($188.77) reached by the company on Nov. 22.

The stock was mixed compared to some of its competitors Friday as Alphabet Inc. Cl A GOOGL, -0.67% 0.67% fell to $2,840.03, NVIDIA Corp. NVDA, -4.46%, fell 4.46% to $306.93, and Cisco Systems Inc. CSCO, +0.14% was up 0.14% to $56.23. Trading volume (12.1 million) surpassed the 50-day average volume of 10.7 million.

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