US Stock Market Performance Analysis: Key Takeaways from Major Indexes on Friday, 4/26/2024

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The U.S. stock market has experienced its first winning week in the last four, led by Alphabet and Microsoft, with the largest weekly gain since November.
Alphabet, Google’s parent company, surpassed analysts’ expectations for profit and announced its first dividend, while Microsoft also exceeded forecasts.
Despite a slide for Intel due to a profit forecast that fell short of analysts’ expectations, the S&P 500, Dow Jones Industrial Average, and Nasdaq composite all saw gains.

Alphabet and Microsoft drive U.S. stock market to its first winning week in a month, marking the largest weekly gain since November.

Alphabet and Microsoft Lead Market Rally

Alphabet and Microsoft have spearheaded a rally in the U.S. stock market, marking its first winning week in the last four. The S&P 500 rose by 1% on Friday, while the Dow Jones Industrial Average added 0.4%, and the Nasdaq composite gained 2%. Alphabet, Google’s parent company, saw a significant jump after surpassing analysts’ profit expectations and announcing its first dividend. Microsoft also saw a climb after topping forecasts.

Intel’s Slide Offset by Market Gains

Despite a slide for Intel, which gave a profit forecast that fell short of analysts’ expectations, the market gains remained robust. Treasury yields eased after a report on inflation for March came in close to expectations. On Friday, the S&P 500 rose 51.54 points, or 1%, to 5,099.96. The Dow Jo... Read the full article for FREE at COINOTAG!