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Barchart
Rich Asplund

Stocks Supported by Strong Earnings from Alphabet

The S&P 500 Index ($SPX) (SPY) today is up +0.08%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -0.67%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.18%.  September E-mini S&P futures (ESU25) are up +0.08%, and September E-mini Nasdaq futures (NQU25) are up +0.20%.

Stock indexes are mostly higher today, with the S&P 500 posting a new all-time high. Alphabet is leading technology stocks higher after the company reported better-than-expected Q2 revenue, citing strong demand for its AI products.  Stocks maintained their gains on signs of resilience in the US labor market, following the unexpected decline in weekly initial unemployment claims to a 3-month low.

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