Wall Street rises as Big Tech charges higher
Malay Mail Online - Money·2024-04-27 05:01
NEW YORK, April 26 — Wall Street’s main indexes advanced today as most megacap growth stocks rose after robust quarterly results from Alphabet pushed its market value over US$2 trillion (RM9.5 trillion), while an in-line inflation reading calmed interest rate jitters.
Alphabet jumped 10.8 per cent to a record high after the Google-parent announced its first-ever dividend, a US$70 billion stock buyback and beat estimates for first-quarter results.
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