Google's quantum breakthrough could impact its stock positively

From Nasdaq: 2024-12-11 21:27:26

in the technology sector on Trefis, which provides a platform for data-driven analysis of stocks. Check out Trefis Data for GOOG and other companies like Apple, Microsoft, and Amazon to see how specific drivers for Google stock compare to its peers.

1. The stock market reached record highs today, with the S&P 500 and Nasdaq both closing at all-time highs. The Dow Jones Industrial Average also saw gains, climbing over 200 points to close above 35,000 for the first time.

2. In other news, a new study has found that the COVID-19 vaccine is highly effective in preventing severe illness and death from the Delta variant. Researchers reported that the vaccine is 95% effective in reducing hospitalizations and deaths caused by the variant.

3. On the political front, President Biden signed a new executive order aimed at promoting competition in the economy. The order includes measures to lower prescription drug prices, increase scrutiny of technology companies, and make it easier for consumers to switch banks.

4. In international news, tensions are escalating between China and the United States over Taiwan. The US has sent a warship through the Taiwan Strait in response to Chinese military exercises near the island. This move has sparked fears of a potential conflict between the two superpowers.



Read more at Nasdaq: What Google Quantum Breakthrough Means For Its Stock