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Shares of Discover Financial Services advanced 7.5% to $170.70 on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.6% to 5,611.85 and the Dow Jones Industrial Average rising 1.0% to 42,001.76.
The stock's rise snapped a four-day losing streak.
Discover Financial Services closed 17.0% short of its 52-week high of $205.76, which the company reached on January 30th.
The stock outperformed some of its competitors, as Apple Inc. rose 1.9% to $222.13, JPMorgan Chase & Co. rose 1.0% to $245.30, and Visa Inc. Cl A rose 2.22% to $350.46.
Trading volume totaled 4.5 million, compared to the 50-day average of 2.1 million.
Data source: Dow Jones Market Data, FactSet
(END) Dow Jones Newswires
March 31, 2025 16:32 ET (20:32 GMT)
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