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Microsoft shares surge for seventh consecutive day, nearing annual high

EditorHari Govind
Published 11/07/2023, 05:34 PM
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Microsoft Corp (NASDAQ:MSFT).'s shares experienced a 1.06% increase on Monday, closing at $356.53, marking the seventh consecutive day of gains. This uptick has brought the tech giant's stock within $10.25 of its annual high. The company's trading volume was especially noteworthy, with 23.3 million shares changing hands, significantly outperforming its 50-day average.

The favorable trading session wasn't exclusive to Microsoft. Other tech heavyweights also saw their share prices rise, contributing to a positive day for the market overall. Apple Inc (NASDAQ:AAPL). posted an even stronger performance than Microsoft, with its shares growing by 1.46%. Alphabet (NASDAQ:GOOGL) Inc., the parent company of Google, also saw increases in its Class C and Class A shares, which grew by 0.83% and 0.89% respectively.

The broader market indices also reflected this positive trend. The S&P 500 Index and Dow Jones Industrial Average both recorded gains, rising by 0.18% and 0.10% respectively, indicating robust trading activity across the board on Monday.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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