Investing
Alphabet Shares Rebound Despite Broader Market Struggle
© Reuters.
Alphabet (NASDAQ:) Inc.’s shares bucked the trend of key market indices and Dow Jones on Monday, ending a three-day losing streak by climbing 0.66% to $136.50. This occurred despite the indices dropping by 0.17% and 0.58% respectively.
Although Alphabet’s share price closed $4.72 below its October high of $141.22, the company’s rise was less pronounced than that of its competitors. Microsoft (NASDAQ:), Amazon (NASDAQ:), and Meta Platforms (NASDAQ:) saw their stocks increase by 0.81%, 1.11%, and 1.74% respectively.
Monday also marked an impressive trading day for Alphabet in terms of volume, as it hit 26.2 million, surpassing its 50-day average. This underscores the heightened interest in the company despite struggles in the broader market.
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