Editor's PickSam Ro • 2 days ago
Alphabet (GOOG), the parent of search giant Google reported numbers that were stronger than expected, and shares are rallying. “Our terrific second quarter results, with 21% revenue growth year on year, and 25% on a constant currency basis reflect the successful investments we’ve made over many years in rapidly expanding areas such as mobile and video,” Alphabet CFO Ruth Porat said. Paid clicks on Google websites increased 37% year-over-year, while cost-per-click fell 9%.
Barrons.com • 6 hours ago
Welcome to the nifty three— Amazon.com, Alphabet, and Facebook—which some days seem to be the only tech stocks that matter. With higher valuations than the market—and, in fact, nosebleed territory for Amazon (AMZN)—it’s tempting to call the trio a stock-trading fad. The share price gains of the Nifty Three this year have been mixed, with Facebook up almost 19%, and Amazon up more than 12%, beating the Standard & Poor’s 500 index’s gain of a little over 6%, while Alphabet stock has treaded water, up just 2%.
Associated Press • 6 hours ago
Beijing has criticized new European tariffs on Chinese steel as "unjustifiable" protectionism coming just weeks after commerce ministers from G20 nations pledged to promote free trade
Bloomberg Video • 10 hours ago
July 29 -- Bob O'Donnell, Technalysis Research chief analyst, and Bloomberg's Oliver Renick recap this week's tech earnings. They speak with Bloomberg's Emily Chang on "Bloomberg West."
After hours: 767.99-0.80 (-0.10%) as of 7:59 PM EDT
|Bid||766.98 x 100|
|Ask||769.84 x 100|
|52wk Range||565.05 - 789.87|
|Day's Range||766.77 - 778.55|
|Avg Vol (3m)||1,653,431|
As of 4:00 PM EDT. Market closed.