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Stock market today: Alphabet and Microsoft help Wall Street clinch its best week in nearly 6 months

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Alphabet and Microsoft led the U.S. stock market to its first winning week in the last four and its biggest weekly gain since November.

The best week for U.S. stocks since November closed out with more gains thanks to Alphabet and Microsoft on Friday. The S&P 500 rallied 1% to finish its first winning week in the last four. The Dow Jones Industrial Average rose 153 points, or 0.4%, and the Nasdaq composite jumped 2%. Alphabet leaped 10.2% after breezing past analysts’ expectations for profit last quarter.

“Consumers remain willing to spend, but not on anything, nor at any price,” he said. Economists also said the weaker-than-expected reading on the overall U.S. economy from Thursday, which helped send stocks sliding, may not be as bad as it seemed on the surface. “The economy remains on solid footing,” Bank of America economists said in a report, pointing to solid buying trends from U.S. customers. Such an interpretation calms worries that the U.S.

 

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