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TIME:2024-05-21 09:23:01 Source: Internet compilationEdit:business
Alphabet and Microsoft led the U.S. stock market to its first winning week in the last four and its
Alphabet and Microsoft led the U.S. stock market to its first winning week in the last four and its biggest weekly gain since November.
The S&P 500 rose 1% Friday. The Dow Jones Industrial Average added 0.4%, and the Nasdaq composite gained 2%.
Google’s parent company jumped after breezing past analysts’ expectations for profit and announcing its first dividend. Microsoft climbed after also topping forecasts. They helped offset a slide for Intel after it gave a forecast for profit that fell short of analysts’ expectations. Treasury yields eased after a report on inflation for March came in close to expectations.
On Friday:
The S&P 500 rose 51.54 points, or 1%, to 5,099.96.
The Dow Jones Industrial Average rose 153.86 points, or 0.4%, to 38,239.66.
The Nasdaq composite rose 316.14 points, or 2%, to 15,927.90.
The Russell 2000 index of smaller companies rose 20.88 points, or 1.1%, to 2,002.
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