Shares of Alphabet Inc. Cl A /zigman2/quotes/202490156/composite GOOGL +2.04% inched 0.62% higher to $2,963.73 Wednesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index /zigman2/quotes/210599714/realtime SPX +1.00% rising 0.31% to 4,701.21 and the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +0.30% rising 0.10% to 35,754.75. This was the stock's third consecutive day of gains. Alphabet Inc. Cl A closed $55.60 short of its 52-week high ($3,019.33), which the company reached on November 19th.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Apple Inc. /zigman2/quotes/202934861/composite AAPL +5.78% rose 2.28% to $175.08, Microsoft Corp. /zigman2/quotes/207732364/composite MSFT +1.15% rose 0.01% to $334.97, and Meta Platforms Inc. /zigman2/quotes/205064656/composite FB +1.74% rose 2.40% to $330.56. Trading volume (1.2 M) remained 362,619 below its 50-day average volume of 1.6 M.