Shares of Microsoft Corp. (MSFT) experienced a significant rise of 3.98% on Tuesday, reaching $359.49. This positive performance was part of an overall bullish trading session in the stock market.
Strong Market Performance
During this session, the S&P 500 Index (SPX) rose by 0.71% to reach 4,554.98. Additionally, the Dow Jones Industrial Average (DJIA) saw a 1.06% increase, closing at 34,951.93.
Microsoft Corp.’s stock has been steadily gaining value for the past six consecutive days. This impressive streak has propelled the stock to new heights.
Breaking the Barriers
Surpassing its previous peak of $351.47, set on June 16th, Microsoft Corp. reached a new 52-week high.
While some of its competitors experienced minor declines, Microsoft Corp. outperformed them all on Tuesday. Apple Inc. (AAPL) saw a slight decrease of 0.13% to finish at $193.73. Similarly, Alphabet Inc. Cl C (GOOG) fell by 0.78% to $124.08, and Alphabet Inc. Cl A (GOOGL) experienced a 0.71% decline, closing at $123.76.
Impressive Trading Volume
Microsoft Corp.’s trading volume during this session was 64.5 million shares, significantly surpassing its 50-day average volume of 26.3 million shares.