Equally loved as it is hated, Google (GOOG), or Alphabet (GOOGL) if you prefer, continues to put up strong fundamentals while in the midst of antitrust challenges and bad PR regarding its diversity standards.
Wall Street rose today, with the S&P 500 index hitting a record intraday high for the seventh time this month as gains in technology heavyweights Alphabet and Amazon more than made up for losses in energy shares.
U.S. stocks added to losses in late Monday trading in a broad selloff that drove financial, tech, consumer and materials indexes down more than 3% amid persistent fears of a global slowdown.
U.S. stocks opened higher on Friday after a surprise interest rate cut in China added to a broad rally driven by strong quarterly results from Alphabet, Microsoft and Amazon.
