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Wall Street rises after Alphabet, Microsoft's quarterly results
short by Srishty Choudhury / on Wednesday, 27 July, 2022
With Microsoft and Alphabet posting a surge in quarterly results, the investor sentiment at Wall Street was lifted on Wednesday. Alphabet shares rose by 4.5% propelled by Google ad sales, while Microsoft rose by 3.1% following its double-digit fiscal revenue growth forecast. S&P 500 Communication Services index rose for the first time in five days and tech stocks surged 2.8%.
read more at Reuters