These 2 Trillion-Dollar Stocks Are Lighting Up the Nasdaq
The stock market was mixed on Wednesday, but investors in the Nasdaq Composite (NASDAQINDEX: ^IXIC) didn't notice any slowdown in positive market sentiment. As of 11:30 a.m. EDT, the Nasdaq was up half a percent, even as the broader market was flat and other leading benchmarks gave up ground.
For a while now, the Nasdaq has lagged behind other stock indexes, largely due to fears of higher interest rates and inflation. However, when the giants of the Nasdaq report their earnings, it often reminds investors of just how powerful Nasdaq stocks can be. On Wednesday, big gains for both Microsoft (NASDAQ: MSFT) and Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) are bringing investors back to the tech sector with a vengeance. Below, we'll look at the earnings reports to see why shareholders are excited.
Shares of Microsoft were higher by more than 4% on Wednesday morning. The software giant was able to exceed investor expectations and deliver a strong quarter that showed that the company's growth days are far from over.
Source Fool.com
