Wall Street Rallies as Tech Soars, Alphabet Shines After Hours
Posted By RichC on April 24, 2025
U.S. markets closed on a high note today, with the Dow Jones Industrial Average jumping over 500 points to 40,093 and the Nasdaq surging nearly 3% to 17,166, marking the third consecutive day of gains. Investor optimism was fueled by positive developments in U.S.-China trade talks and robust corporate earnings reports. The S&P 500 also edged higher, reflecting broad-based market strength.
After the closing bell, Alphabet Inc. (GOOG) reported impressive first-quarter 2025 earnings, surpassing Wall Street expectations. The company announced a 12% year-over-year increase in revenue, totaling $90.2 billion, and a net income of $34.5 billion, equating to $2.81 per share. These results were driven by a 10% rise in Search revenue to $50.7 billion and a 28% increase in Google Cloud revenue to $12.3 billion. Alphabet also declared a 5% dividend increase to $0.21 per share and authorized a $70 billion stock buyback program. In after-hours trading, Alphabet’s stock rose more than 4%, reflecting investor confidence in the company’s performance and strategic direction.
