Stock market today: Alphabet and Microsoft help Wall Street clinch its best week in nearly 6 months
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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/
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2024-04-27 02:19:59
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npub1gcycye4seh43pkc2r8eylt7ekynsm96qm2yj0f67nhgerpjeu72qgz9cckPublished at
2024-04-27 02:19:59Event JSON
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"content": "Stock market today: Alphabet and Microsoft help Wall Street clinch its best week in nearly 6 months\n==========\n\nThe S\u0026P 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\u0026P 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.\n\n\n\nhttps://www.whec.com/national-world/stock-market-today-alphabet-and-microsoft-help-wall-street-clinch-its-best-week-in-nearly-6-months/",
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