In a thriving market on Monday, Apple Inc (NASDAQ:AAPL).'s shares continued to shine, marking their fourth consecutive day of gains. The tech giant's stocks rose by 0.85% to close at $178.99, outperforming competitors such as Microsoft (NASDAQ:MSFT) and Alphabet (NASDAQ:GOOGL) Inc.'s Class C and A shares.
While the NASDAQ saw a moderate increase of 0.39%, and the Dow Jones Industrial Average rose by 0.59%, Apple's performance was notably stronger. Microsoft's shares saw an increase of 0.78%, while Alphabet Inc.'s Class C and A shares increased by 0.56% and 0.61% respectively.
Despite this upward trend, Apple's closing price still remains $19.24 below its 52-week high of $198.23. The trading volume for the day was reported at 42.3 million, which is significantly lower than its 50-day average by 17.9 million.
This surge in Apple's share price comes amidst a robust market environment, with the company outpacing other tech heavyweights in terms of share performance over the past week.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.