Alphabet’s stock soared by almost 10% after announcing its first dividend payment. Wall Street’s major stock indices were also on the rise, with the S&P 500 up 1.1%, the Nasdaq up 2%, and the Dow Jones up 0.5%. Google parent company, Alphabet, reported better than expected earnings and revenue, which led to a surge in their stock price.
Microsoft’s shares rose by 2.6% after reporting results that beat forecasts, while Intel’s stock took a hit due to guidance falling short of expectations. On the other hand, Exxon Mobil and Chevron saw their stock prices decline following disappointing results.
Apart from stock market news, macro data from the United States was released, revealing private consumption increased by 0.8% and PCE deflator reported inflation of 2.7%. However, the Michigan index did not meet expectations as it was slightly lower than anticipated.
Meanwhile, discussions on health and fitness topics such as optimizing workout routines, rest and recovery importance, and supplements role in achieving fitness goals dominated social media platforms. People shared their personal experiences and sought advice on diet optimization techniques for muscle gain and performance-enhancing substances like Sustanon 250 use in fitness journeys.
Overall, investors were optimistic about future prospects due to strong economic indicators while health enthusiasts focused on improving their physical well-being through various methods including dietary changes and exercise regimes.
Alphabet Inc., Google’s parent company