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Qualcomm Inc. stock outperforms market on strong trading day

Shares of Qualcomm Inc. QCOM, +1.83% was up 1.83% to $132.50 Tuesday, on what turned out to be a great trading session for the stock market, with the S&P 500 Index SPX, +0.74% up 0.74% to 4,519.63 and the Dow Jones Industrial Average DJIA, +0.56% up 0.56% to 35,457.31. Qualcomm Inc. closed $35.44 below its 52-week high ($167.94), which the company reached on Jan. 20.

The stock outperformed some of its competitors on Tuesday as Alphabet Inc. Cl A GOOGL, +0.32%, up 0.32% to $2,864.74, NVIDIA Corp. NVDA, +0.31%, up 0.31% to $222.90, and Cisco Systems Inc. CSCO, +1.00% rose 1.00% to $55.74. Trading volume (7.3 million) surpassed the 50-day average volume of 6.9 million.

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