Shares of Qualcomm Inc. QCOM, +1.44% rallied 1.44% to $144.14 Monday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index SPX, +0.85% rising 0.85% to 4,479.53 and the Dow Jones Industrial Average DJIA, +0.61% rising 0.61% to 35,335.71. This was the stock’s second consecutive day of gains. Qualcomm Inc. closed $23.80 below its 52-week high ($167.94), which the company achieved on January 20th.
The stock demonstrated a mixed performance when compared to some of its competitors Monday, as Alphabet Inc. Cl A GOOGL, +1.90% rose 1.90% to $2,800.83, NVIDIA Corp. NVDA, +5.49% rose 5.49% to $219.58, and Cisco Systems Inc. CSCO, +0.55% rose 0.55% to $58.54. Trading volume (6.7 M) remained 250,006 below its 50-day average volume of 7.0 M.