Shares of Qualcomm Inc. QCOM, + 2.09% were up 2.09% on Wednesday to $ 136.19, on what turned out to be an all round favorable trading session for the stock market, with the S&P 500 Index SPX, + 0.93% up 0.93% to 4,173.42 and the Dow Jones Industrial Average DJIA, + 0.93% up 0.93% to 34,137.31. The stock’s rise broke a two-day loss. Qualcomm Inc. closed at $ 31.75 below its 52-week high ($ 167.94), which the company reached on Jan. 20.
The stock outperformed some of its competitors on Wednesday when Alphabet Inc. Cl A GOOGL, -0.03% 0.03% fell to $ 2,278.35, NVIDIA Corp. NVDA, + 1.25%, rose 1.25% to $ 614.42, and Cisco Systems Inc. CSCO, + 0.27%. increased 0.27% to $ 51.93. The trade volume (7.2 million) remained 3.3 million below the 50-day average volume of 10.5 million.