Alphabet’s Dividend Payments Fuel Positive Wall Street Gains

Wall Street experienced positive gains on Friday after Alphabet, the parent company of Google, announced its first dividend. The stock market saw a nearly ten percent increase in value as investors were optimistic about the company’s future prospects. Other technology companies, including Microsoft, also reported better-than-expected earnings per share and revenue, resulting in their stocks rising.

On the other hand, semiconductor manufacturer Intel saw a decrease in its stock value due to disappointing guidance. Oil companies Exxon Mobil and Chevron also experienced decreases in their stock values despite releasing positive macroeconomic data from the United States showing positive trends in private consumption and inflation levels.

Overall, these developments contributed to a sense of optimism in the market as companies continued to report better-than-expected earnings and dividends being paid out.