Google Stock Soars 9 Percent as Wall Street Closes Mixed

Published:

Google Stock Soars 9 Percent as Wall Street Closes Mixed
Photo: Mary Altaffer/AP/TT

Leading indexes on the stock exchange in New York closed mixed on Wednesday. Among the IT giants, however, there were a few clear winners.

This included Google's parent company Alphabet after a federal judge the day before decided that the company does not have to sell its web browser Chrome. The stock rose 9.0 percent.

Yields on government bonds fell after the latest report on the labor market situation in the US, figures that were weaker than expected. 7.2 million jobs were advertised at the end of July, which was fewer than analysts had predicted.

The broad S&P 500 rose 0.5 percent and Nasdaq's technology-heavy composite index rose 1.0 percent, while the Dow Jones industrial index fell 0.1 percent.

Loading related articles...

Tags

Author

TTT
By TTEnglish edition by Sweden Herald, adapted for our readers

More news

Loading related posts...