Market Recap: Friday, December 20
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Each of the three major stock indices hit record intraday and closing highs on Friday as a December rally charged ahead.
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Bloomberg•Intel reports better than expected Q1 earnings but falls short on revenue outlook. Stock slides more than 5%.
Intel reported its Q1 earnings on Thursday, beating analysts' estimates. But a disappointing outlook sent shares sliding.
Yahoo Finance•Google Earnings Handily Beat Wall Street Targets. Google Stock Dividend Approved.
Google stock soared after parent Alphabet reported first-quarter earnings and revenue that handily beat consensus estimates.
Investor's Business Daily•Alphabet stock surges on earnings beat, dividend announcement
Alphabet reported Q1 earnings on Thursday that beat estimates. The company also announced its first-ever dividend.
Yahoo Finance•Google parent announces first-ever dividend; beats on sales, profit; shares soar
Alphabet announced its first-ever dividend on Thursday and a $70 billion stock buyback, cheering investors who sent the stock surging nearly 16% after the bell. The Google parent is returning capital while spending billions of dollars on data centers to catch up with rivals on generative artificial intelligence. The dividend will be 20 cents per share.
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