Why Alphabet Stock Was Soaring Today

Shares of Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) were jumping double digits today after the Google parent breezed past Wall Street estimates in its first-quarter earnings report and declared a dividend for the first time in its history.

As a result, the stock was up 10.1% as of 12:45 p.m. ET, and its market cap topped $2 trillion for the first time.

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Source Fool.com