Google stock soared after parent Alphabet reported first-quarter earnings and revenue that handily beat consensus estimates.
(Bloomberg) -- A rally in the world’s largest technology companies lifted stocks, with Wall Street also breathing a sigh of relief after the recent economic data did not further erode the case for rate cuts this year.Most Read from BloombergJavier Milei Fuels Wild Rally That Makes Peso No. 1 in WorldPlunging Home Prices, Fleeing Companies: Austin’s Glow Is FadingHuawei’s New Phone Runs Latest Version of Made-in-China ChipFed’s Preferred Core Inflation Gauge Rose at Brisk Pace in MarchUS Economy
Google parent Alphabet just announced a quarterly dividend — adding to the S&P 500. But don't get your hopes too high.