What's happened
US tech stocks rallied after Alphabet and Microsoft reported strong earnings, with Alphabet hitting a $2 trillion market value. Tech stocks had dropped earlier due to Meta Platforms' disappointing results.
Why it matters
The strong earnings reports from Alphabet and Microsoft have significant implications for the tech sector and investor sentiment. Alphabet's first-ever dividend declaration and market value milestone further solidify its position as a tech powerhouse.
What the papers say
Business Insider highlights the positive market response to Alphabet and Microsoft's earnings, emphasizing the tech sector's strength. The Guardian focuses on Alphabet's market value reaching $2 trillion and its dividend announcement, underlining the company's financial success.
How we got here
Tech stocks experienced fluctuations due to various earnings reports, with Alphabet and Microsoft standing out for their robust performance. Meta Platforms' disappointing results had initially caused a drop in tech stocks, but the sector rebounded following strong earnings from other tech giants.
Common question
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