Shares of Meta Platforms Inc. rallied 2.40% to $301.71 Friday, on what proved to be an all-around positive trading session for the stock market, with the NASDAQ Composite Index /zigman2/quotes/210598365/realtime COMP +0.66% rising 3.13% to 13,770.57 and the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +0.29% rising 1.65% to 34,725.47. This was the stock's second consecutive day of gains. Meta Platforms Inc. closed $82.62 below its 52-week high ($384.33), which the company achieved on September 1st.
The stock underperformed when compared to some of its competitors Friday, as Microsoft Corp. /zigman2/quotes/207732364/composite MSFT +0.77% rose 2.81% to $308.26, Alphabet Inc. Cl A /zigman2/quotes/202490156/lastsale GOOGL +0.80% rose 3.37% to $2,667.02, and Twitter Inc. rose 4.23% to $35.27. Trading volume (21.7 M) eclipsed its 50-day average volume of 19.9 M.