Shares of Amazon.com Inc. (NASDAQ: AMZN) saw a modest increase on Thursday as the stock market rebounded from recent losses. The S&P 500 Index (NYSE: SPX) rose by 1.89%, reaching 4,317.78, while the Dow Jones Industrial Average (NYSE: DJIA) increased by 1.70%, reaching 33,839.08.
Steady Gains for Amazon
This marked the fifth consecutive day of gains for Amazon’s stock. Despite today’s increase, the company closed $7.79 below its 52-week high, which was achieved on September 14th last year.
Comparing Performance to Competitors
In comparison to other tech giants, Amazon’s performance was mixed. Apple Inc. (NASDAQ: AAPL) experienced a 2.07% increase, with shares valued at $177.57. Microsoft Corp. (NASDAQ: MSFT) saw a more moderate increase of 0.65%, with shares valued at $348.32. Alphabet Inc. Cl C (NASDAQ: GOOG) had a similar performance, with shares rising by 0.79%, reaching $128.58.
Trading Volume and Momentum
Despite today’s gains, trading volume remained slightly lower than its 50-day average of 54.1 million shares. Today’s volume reached 51.5 million shares, suggesting a steadying momentum for Amazon.