Apple Inc. (AAPL) experienced a notable 2.07% increase in share price on Thursday, reaching $177.57. This positive performance reflects a successful trading day for the overall stock market. The NASDAQ Composite Index (COMP) rose by 1.78% to 13,294.19, while the Dow Jones Industrial Average (DJIA) saw a 1.70% increase, closing at 33,839.08.
Steady Growth Continues
The recent surge marks the fifth consecutive day of gains for Apple Inc., signaling a consistent rise in market value. Despite closing at $20.66 lower than its 52-week high of $198.23, achieved on July 19th, the stock’s upward momentum remains intact.
During Thursday’s trading session, Apple Inc. outperformed several of its key competitors in the market. Microsoft Corp. (MSFT) observed a 0.65% increase, with its shares reaching $348.32. Likewise, Alphabet Inc. Cl C (GOOG) experienced a positive growth of 0.79%, closing at $128.58, while Alphabet Inc. Cl A (GOOGL) saw an increase of 0.82% to $127.49.
Impressive Trading Volume
The trading volume for Apple Inc. on Thursday was recorded at 66.4 million shares, surpassing its 50-day average volume of 58.9 million shares. This high volume reinforces the rising interest and activity surrounding the company’s stock.