From Investing.com: 2024-04-26 16:19:39

The S&P 500 had its best week since November, fueled by strong earnings from Microsoft and Alphabet, boosting investor confidence in the AI-led tech rally. Google-parent Alphabet hit a record high after reporting robust Q1 earnings and announcing its first-ever dividend. Microsoft also saw a 2% rise in shares due to strong demand for AI products. However, chipmaker Intel stumbled over 9% on weaker Q2 guidance, raising concerns about its AI market competitiveness. Inflation data released showed the PCE price index rose 0.3% in March, matching expectations. Snapchat surged 27% on strong earnings, while Roku and Exxon Mobil struggled after reporting mixed results.



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