Meta and Alphabet stocks on track to close at highest levels since early 2022

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 97%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Both stocks have rallied in October

Internet stocks Meta Platforms Inc. and Alphabet Inc. were headed for their highest closes in more than a year as they continued their October rally.

Shares of Alphabet GOOG, +1.64% GOOGL, +1.70% were ahead 1.8% and on pace to close at their highest level since April 5, 2022, when they finished at $140.59. Alphabet’s stock was hovering just above $140 Tuesday. “From an industry perspective, we would highlight that Q3 2023 digital ad trends continue a pattern of improving growth trends that has been a hallmark of the progression 2023,” Goldman Sachs’ 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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Meta and Alphabet Stocks Are Soaring, Leaving Apple in Their DustThe Magnificent Seven Big Tech stocks have been largely responsible for 2023’s market rally. Yet some of those are more spectacular than others.
Source: MarketWatch - 🏆 3. / 97 Read more »

Alphabet Inc. Cl A stock rises Monday, still underperforms marketSupported by world-class markets data from Dow Jones and FactSet, and partnering with Automated Insights, MarketWatch Automation brings you the latest, most pertinent content at record speed and with unparalleled accuracy.
Source: MarketWatch - 🏆 3. / 97 Read more »