Alphabet's earnings beat is powering the stock market today
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| | 7/26/2019 | |
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S&P, Nasdaq Hit New Highs After Alphabet Earnings | By Patrick Martin | | The Dow Jones Industrial Average (DJI) is treading water at midday, as the latest corporate earnings reports share the spotlight with a well-received reading on second-quarter gross domestic product (GDP). The blue-chip index has spent time on both sides of breakeven, but had erased early morning losses at last check, as it looks to avoid a third straight loss. The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are comfortably in the black, though, fresh off record highs thanks to an earnings beat from Google parent Alphabet (GOOGL). Continue reading for more on today's market, including: - Keep an eye on these bank stocks if the Fed cuts rates next week, says KBW.
- Starbucks stock is buzzing after an earnings beat and bull notes.
- Plus, call traders eye post-earnings gains for Zynga; MGM breaks out on cost-cutting success; and Xilinx extends slide.
| >> Continue reading... | |
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