Tech companies have seen demand surge for their products and services from people stuck at home during the pandemic.
Alphabet reported revenue rose to US$46.17 billion from US$40.5 billion a year earlier as the company returned to sales growth in the third quarter as businesses initially hobbled by Covid resumed advertising.The NYSE FANG+TM Index closed 3.85 per cent higher.Sentiment also got a boost from data showing the US economy grew at a record pace in the third quarter after the government poured out more than US$3 trillion of pandemic aid.
Democratic challenger Joe Biden holds a comfortable lead over President Donald Trump in national polls, but the race in battleground states that will likely decide the election are tighter than the national surveys.
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