Why Alphabet Stock Popped 4.8% Today

Shares of internet search giant Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) are flying today, up 4.8% in noonday trading, but it's not immediately clear why. There's good news and bad news for Google's parent company today, but the bad news predominates.

Image source: Getty Images.

The good news: Reuters reports that Google is asking a federal judge to remove 10 states' antitrust lawsuits against it and have them tried in California, where jurors may be more favorable to the tech company. The bad news: Reuters also reports that 38 other states are suing Google over monopoly concerns, and the European Union appears to be gearing up to do likewise.    

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Source Fool.com