Shares of Broadcom Inc.
rose 2.60% to $497.60 Thursday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index
rising 1.71% to 4,438.26 and the Dow Jones Industrial Average
rising 1.56% to 34,912.56. The stock's rise snapped a four-day losing streak. Broadcom Inc. closed $13.10 short of its 52-week high ($510.70), which the company achieved on September 15th.
The stock demonstrated a mixed performance when compared to some of its competitors Thursday, as Taiwan Semiconductor Manufacturing Co. Ltd. ADR
rose 2.35% to $112.56, NVIDIA Corp.
rose 3.85% to $217.46, and Intel Corp.
rose 3.14% to $53.90. Trading volume (1.7 M) eclipsed its 50-day average volume of 1.5 M.