S&P 500, NASDAQ Notch Record Highs on Alphabet Surge
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Wall Street inched to more records on Thursday as gains for Alphabet and artificial-intelligence stocks helped make up for Tesla ’s steep tumble. The S&P 500 added 0.1% to its all-time high set the day before.
Stocks were mixed Thursday and the Dow Jones Industrial Average declined as UnitedHealth Group fell after saying it was “complying with formal criminal and civil requests” from the U.S. Department of Justice, and as IBM slumped following its second-quarter earnings.
Most leaders in the tech industry owe their wealth to founding equity stakes in their platforms, which Google’s Sundar Pichai does not have.
During the Q2 earnings call, Alphabet's management updated some details of its financial guidance. Alphabet now plans to spend around $85 billion on capital expenditures (capex) in 2025. Of note, this is a $10 billion increase over the company's prior guidance.
Shares of the EV maker pared losses and traded close to flat in afterhours trading, following results that showed net income plunging 16% and automot
Sundar Pichai's fortune could have increased by a billion dollars had he chosen to hold onto Google shares sold over the past decade.
For me, the main stock story on Opening Bid today was Alphabet. The numbers were so strong that one has to wonder why the stock didn't gain more — especially considering shares trade at a discounted forward PE ratio relative to the S&P 500 ( ^GSPC ).
While there are lingering concerns about Google’s search business in the long run, analysts see some positives ahead of upcoming second-quarter results.
The S&P 500 and Nasdaq traded near all-time highs at midday as a strong earnings report from Alphabet lifted big tech stocks.
Alphabet is trading at a significant discount to peers despite superior profitability and growth outlook. Click here to see why GOOGL stock is a Buy.
Alphabet offers an annual dividend yield of 0.44%. So, how can investors exploit its dividend yield to pocket a regular $500 monthly?
Alphabet posted its second-quarter earnings after Wednesday's closing bell, beating on the headline numbers and giving a higher forecast for this year's capital expenditures. But some analysts say the debate over the future of Google's search empire is still unsettled.