Alphabet Inc (GOOG)

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Alphabet (GOOGL) shares rise amid buoyant market, trailing behind competitors
By: Investing | October 9, 2023

Monday saw Alphabet Inc. Cl A (NASDAQ:GOOGL) shares rise by 0.61% to $138.42, marking a second day of gains in an overall buoyant stock market. This performance was amidst the S&P 500 Index and Dow Jones Industrial Average also climbing by 0.63% and 0.59% respectively.

However, Alphabet's performance was mixed when compared to its competitors. Microsoft Corp . (NASDAQ:NASDAQ:MSFT) surged by 0.78%, closing at $329.82, while Amazon.com Inc. (NASDAQ:NASDAQ:AMZN) saw an increase of 0.23% to close at $128.26. Meta Platforms Inc (NASDAQ:META). (NASDAQ:FB), formerly known as Facebook, ended the trading day at $318.36, with a rise of 0.93%.

Despite the slight uptick, Alphabet's closing price was still $0.74 below its 52-week high from September 18th, 2023. The trading volume for Alphabet on Monday was recorded at 19.2 million, falling roughly 5.9 million short of its average trading volume.

The recent market trends reflect a positive investor sentiment as major tech stocks continue to show gains in the current trading environment.

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