BUZZ-U.S. STOCKS ON THE MOVE-Alphabet, Fortinet, Whirlpool, Merit Medical
(For faster updates on individual market-movers, Eikon users please use search string "STXBZ US"; for the Day Ahead newsletter, link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/nex49s)
All three major U.S. indexes rose to two-month highs on Friday, after an unexpected rate cut in China amplified a rally driven by strong results from Microsoft, Alphabet and Amazon. The Dow Jones industrial average was up 0.41 percent at 17,561.35, the S&P 500 was up 0.59 percent at 2,064.64 and the Nasdaq Composite was up 1.70 percent at 5,003.912.
** ALPHABET INC, $733.8225, +7.73 pct
** FACEBOOK INC, $100.63, +0.96 pct
** MICROSOFT CORP, $52.9301, +10.20 pct
** AMAZON.COM INC, $604.34, +7.17 pct
Google parent Alphabet, Microsoft and Amazon.com made headway in the latest quarter in the areas that will be their main engines of growth for years to come, driving up shares across the tech sector on Friday.
Facebook's shares also rose after Alphabet's strong results. Continued...