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Asia Up, Europe Mixed, While Yen Surges Against Dollar - Global Markets Today While US Slept
On Friday, April 26th, the U.S. stock markets closed higher, supported by strong earnings from tech leaders and mild inflation data.
The market reacted positively to Alphabet’s first dividend and a $70 billion buyback, driving its shares up 10% and lifting its valuation above $2 trillion.
Related: Alphabet’s Blockbuster Results Highlight Its Transition From AI Laggard To Going ‘On The Offensive’: 11 Analysts Revise Forecasts After Q1 Results
Economic data showed the Federal Reserve’s key inflation gauge, the PCE price index, climbed to 2.7% in March from 2.5% in February, surpassing forecasts of 2.6%.
Six of the eleven main S&P 500 sectors ended higher, led by communication services, technology, consumer discretionary, and materials.
The Dow Jones Industrial Average gained 0.40% ...