From StockNews.: 2025-06-06 16:29:00

Shares of Alphabet (NASDAQ:GOOGL) rose 3.3% after a strong labor market report showed non-farm payrolls increased by 139,000 in May 2025. This data suggests a stable economy with potential for growth, easing recession fears and supporting consumer spending. The stock closed at $173.65, up 3.2% from previous close.

Alphabet’s shares are volatile, with 40 moves over 2.5% in the last year. Today’s increase indicates the market views the news positively but not as a game-changer. The stock is down 8.4% year-to-date, trading 16% below its 52-week high of $206.38. Investors who bought 5 years ago would see their investment double.



Read more at StockNews.: Why Alphabet (GOOGL) Stock Is Trading Up Today