This article was automatically generated by Dow Jones using technology from Automated Insights.
Shares of Broadcom Inc. advanced 4.5% to $235.04 on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.7% to 6,066.44 and the Dow Jones Industrial Average rising 0.4% to 44,470.41.
The stock's rise snapped a two-day losing streak.
Broadcom Inc. closed 6.7% short of its 52-week high of $251.88, which the company achieved on December 16th.
The stock outperformed some of its competitors, as NVIDIA Corp. rose 2.9% to $133.57, Qualcomm Inc. rose 2.0% to $171.36, and Intel Corp. rose 3.51% to $19.77.
Trading volume totaled 23.6 million, compared to the 50-day average of 35.7 million.
Data source: Dow Jones Market Data, FactSet
(END) Dow Jones Newswires
February 10, 2025 16:42 ET (21:42 GMT)
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