Shares of Adobe Inc. ADBE advanced 2.77% to $607.51 Thursday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index SPX rising 1.71% to 4,438.26 and the Dow Jones Industrial Average DJIA rising 1.56% to 34,912.56. This was the stock's third consecutive day of gains. Adobe Inc. closed $66.37 below its 52-week high ($673.88), which the company achieved on September 3rd.
The stock outperformed some of its competitors Thursday, as Microsoft Corp. MSFT rose 2.17% to $302.75, Salesforce.com Inc. CRM rose 1.97% to $290.02, and SAP SE ADR SAP rose 2.39% to $145.04. Trading volume (2.5 M) eclipsed its 50-day average volume of 2.0 M.