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Published 13 days ago

Wall Street shares close up as megacap tech stocks rally

Summary by Blue Water Healthy Living
By Chibuike Oguh NEW YORK (Reuters) -U.S. stocks closed higher on Friday, buoyed by a rally in megacap growth stocks following robust quarterly results from technology heavyweights Alphabet and Microsoft in addition to moderate inflation data. Investors cheered Alphabet’s first-ever dividend, its $70 billion stock buyback program, and better-than-expected first-quarter results. Its shares jumped 10% and reached a record high, lifting the Google-…

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Wall Street shares close up as megacap tech stocks rally

By Chibuike Oguh NEW YORK (Reuters) -U.S. stocks closed higher on Friday, buoyed by a rally in megacap growth stocks following robust quarterly results from technology heavyweights Alphabet and Microsoft in addition to moderate inflation data. Investors cheered Alphabet’s first-ever dividend, its $70 billion stock buyback program, and better-than-expected first-quarter results. Its shares jumped 10% and reached a record high, lifting the Google-…

13 days ago·Port Huron, United States
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