Shares of Alphabet Inc. Cl A (GOOGL) experienced a modest increase of 0.54% on Wednesday, reaching $138.92 per share. This minor upward movement served as a bright spot amidst an overall challenging trading session for the stock market. The S&P 500 Index (SPX) saw a decline of 0.80%, closing at 4,704.81, while the Dow Jones Industrial Average (DJIA) dropped 0.76% to 37,430.19.
This positive performance put an end to a four-day losing streak for Alphabet Inc. Cl A. However, despite this recent rise, the stock fell $3.76 short of its 52-week high of $142.68, which was achieved on December 26th.
Comparatively, Alphabet Inc. Cl A outperformed some of its competitors on Wednesday. Microsoft Corp. (MSFT) observed a decrease of 0.07% and closed at $370.60, Amazon.com Inc. (AMZN) saw a decline of 0.97% and finished at $148.47, while Meta Platforms Inc. (META) experienced a decrease of 0.53%, closing at $344.47.
The trading volume for Alphabet Inc. Cl A reached 23.5 million shares, which is 6.9 million shares below its 50-day average volume of 30.4 million.
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