Shares of Apple Inc. rallied 2.84% to $168.41 Thursday, on what proved to be an all-around great trading session for the stock market, with the NASDAQ Composite Index rising 2.43% to 12,142.24 and the Dow Jones Industrial Average rising 1.57% to 33,826.16.
The stock’s rise snapped a two-day losing streak.
Apple Inc. closed $7.74 short of its 52-week high ($176.15), which the company reached on August 17th.
The stock underperformed when compared to some of its competitors Thursday, as Microsoft Corp. rose 3.20% to $304.83, Alphabet Inc. Cl C rose 3.75% to $108.37, and Alphabet Inc. Cl A rose 3.74% to $107.59.
Trading volume (64.6 M) eclipsed its 50-day average volume of 58.7 M.