News10NBC on Nostr: Stock market today: Alphabet and Microsoft help Wall Street clinch its best week in ...
Stock market today: Alphabet and Microsoft help Wall Street clinch its best week in nearly 6 months
==========
The S&P 500 rallied 1% to finish its first winning week in the last four. The Dow Jones Industrial Average rose 153 points, or 0.4%, and the Nasdaq composite jumped 2%. Alphabet leaped 10.2% after beating analysts' profit expectations and announcing a dividend and stock buyback program. Microsoft climbed 1.8% after reporting stronger profit and revenue, citing growth in its cloud-computing business. Intel's stock dropped 9.2% despite reporting stronger profit but falling short of revenue estimates. Inflation remains high, but economists expect it to cool in the coming months. The weaker-than-expected reading on the overall U.S. economy may not be as bad as it seems. The higher-than-expected inflation readings will likely keep the Fed on hold at its next policy meeting. Roughly three out of four companies have been beating profit forecasts this reporting season. The S&P 500 rose 51.54 points to 5,099.96, the Dow added 153.86 to 38,239.66, and the Nasdaq gained 316.14 to 15,927.90.
https://www.whec.com/national-world/stock-market-today-alphabet-and-microsoft-help-wall-street-clinch-its-best-week-in-nearly-6-months/
==========
The S&P 500 rallied 1% to finish its first winning week in the last four. The Dow Jones Industrial Average rose 153 points, or 0.4%, and the Nasdaq composite jumped 2%. Alphabet leaped 10.2% after beating analysts' profit expectations and announcing a dividend and stock buyback program. Microsoft climbed 1.8% after reporting stronger profit and revenue, citing growth in its cloud-computing business. Intel's stock dropped 9.2% despite reporting stronger profit but falling short of revenue estimates. Inflation remains high, but economists expect it to cool in the coming months. The weaker-than-expected reading on the overall U.S. economy may not be as bad as it seems. The higher-than-expected inflation readings will likely keep the Fed on hold at its next policy meeting. Roughly three out of four companies have been beating profit forecasts this reporting season. The S&P 500 rose 51.54 points to 5,099.96, the Dow added 153.86 to 38,239.66, and the Nasdaq gained 316.14 to 15,927.90.
https://www.whec.com/national-world/stock-market-today-alphabet-and-microsoft-help-wall-street-clinch-its-best-week-in-nearly-6-months/