Shares of Amazon.com Inc. (AMZN) experienced a significant boost on Friday, surging 7.87% to reach $171.81. This positive momentum was part of a larger trend in the stock market, as both the S&P 500 Index (SPX) and the Dow Jones Industrial Average (DJIA) also saw gains, rising 1.07% and 0.35% respectively.
This marks the second consecutive day of gains for Amazon.com Inc., showcasing its strong performance recently. In fact, the company hit a new 52-week high, surpassing its previous peak of $161.73, which was achieved on January 30th.
In comparison, some of Amazon’s competitors experienced mixed results on Friday. Apple Inc. (AAPL) saw a slight decline of 0.54% to $185.85, while Microsoft Corp. (MSFT) saw a notable increase of 1.84% to $411.22. Similarly, Alphabet Inc. Cl C (GOOG) also experienced a modest rise of 0.58% to $143.54.
The trading volume for Amazon.com Inc. reached 115.3 million shares, surpassing its 50-day average volume of 46.9 million shares, highlighting strong investor interest.
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