The Dow rose 153.86 points, or 0.40%, to 38,239.66, the S&P 500 gained 51.54 points, or 1.02%, to 5,099.96 and the Nasdaq gained 316.14 points, or 2.03%, to 15,927.90. — Reuters
NEW YORK: US stocks closed higher on Friday, buoyed by a rally in megacap growth stocks following robust quarterly results from technology heavyweights Alphabet and Microsoft in addition to moderate inflation data.
Investors cheered Alphabet's first-ever dividend, its US$70 billion stock buyback programme, and better-than-expected first-quarter results. Its shares jumped 10% and reached a record high, lifting the Google-parent's market value above US$2 trillion.
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