Shares of Alphabet Inc. Cl A GOOGL, +3.76% rallied 3.76% to $1,717.39 Wednesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index SPX, +1.53% rising 1.54% to 3,580.84 and the Dow Jones Industrial Average DJIA, +1.58% rising 1.59% to 29,100.50. This was the stock’s second consecutive day of gains. Alphabet Inc. Cl A hit a new 52-week high, surpassing its previous peak of $1,659.22, which the company reached on September 1st.
The stock outperformed some of its competitors Wednesday, as Apple Inc. AAPL, -2.07% fell 2.07% to $131.40, Microsoft Corp. MSFT, +1.92% rose 1.93% to $231.65, and Facebook Inc. Cl A FB, +2.39% rose 2.39% to $302.50. Trading volume (2.4 M) eclipsed its 50-day average volume of 1.7 M.