In this article, we will take a look at the 10 best long term low risk stocks to buy. To see more such companies, go directly to 5 Best Long Term Low Risk Stocks to Buy. As the latter part of 2022 unfolded, artificial intelligence stocks emerged as a beacon of hope for the market […]
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 Dow Jones Industrial Average added 0.4%, and the Nasdaq composite gained 2%. The Nasdaq composite rose 316.14 points, or 2%, to 15,927.90.
U.S. stocks closed higher on Friday, buoyed by a rally in megacap growth stocks following robust quarterly results from technology heavyweights Alphabet and Microsoft in addition to moderate inflation data. Investors cheered Alphabet's first-ever dividend, its $70 billion stock buyback program, and better-than-expected first-quarter results. Microsoft shares rose after its third-quarter revenue and profit exceeded Wall Street estimates, driven by gains from artificial intelligence (AI) adoption across its cloud services.