Internet stocks Meta Platforms Inc. and Alphabet Inc. logged their highest closes in more than a year as they continued their October rally.
Shares of Alphabet GOOG, +1.80% GOOGL, +1.80% advanced 1.8% to close at their highest level since April 5, 2022, when they finished at $140.59. Alphabet’s stock ended Tuesday’s session at $140.55. “From an industry perspective, we would highlight that 2023 digital ad trends continue a pattern of improving growth trends that has been a hallmark of the progression 2023,” Goldman Sachs’s Eric Sheridan said in a note to clients earlier this month. He added that companies generally should see easier comparisons and “steady sequential improvement in brand advertising,” among other positive drivers.
Australia Australia Latest News, Australia Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: MarketWatch - 🏆 3. / 97 Read more »