Several large technology stocks soared Friday to their highest level this year as blockbuster earnings and uplifting economic data kept the blistering stock market’s momentum going.Shares of Alphabet , Meta and Intel each set 2023 highs as investors digested the Silicon Valley firms’ earnings reports earlier this week with a smile.
Airbnb, DoorDash, DraftKings, Intuit and Roku also rallied to their highest share price of the year Friday, gaining 3% or more. In addition to earnings, Friday’s release of the personal consumption expenditures inflation metric helped boost stocks, as it revealed price increasesThe tech-heavy Nasdaq notched a 2% gain by late afternoon, while the Dow Jones Industrial Average and S&P 500 rose roughly 1% apiece.
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