Shares of Qualcomm Inc. QCOM, +1.20%, rose 1.20% to $130.20 Friday, on what turned out to be an all-encompassing positive trading session for the stock market, with the S&P 500 Index SPX, up 0.75% by 0.75 % to 4,471.37 and the Dow Jones Industrial Average DJIA, +1.09% up 1.09% to 35,294.76. This was the third consecutive day of gains for the stock. Qualcomm Inc. closed $37.74 lower than its 52-week high ($167.94), which the company reached on Jan. 20.
The stock outperformed some of its competitors on Friday as Alphabet Inc. Cl A GOOGL, +0.15%, up 0.15% to $2,827.36, NVIDIA Corp. NVDA, +0.53%, up 0.53% to $218.62, and Cisco Systems Inc. CSCO, -0.72% fell 0.72% to $55.25. Trading volume (7.6 million) surpassed the 50-day average volume of 6.9 million.