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Google Parent Alphabet, Netflix, Tesla, and More | Global News Avenue

Google Parent Alphabet, Netflix, Tesla, and More

Main points

  • Major U.S. stock indexes were higher in midday trading on Wednesday as technology stocks rose after the latest consumer inflation report reinforced expectations that the Federal Reserve will cut interest rates next week.
  • Alphabet shares rose to an all-time high after the tech giant unveiled its new Willow quantum computing chip.
  • Netflix shares hit a new high after JPMorgan raised its price target on Netflix, citing the streaming service’s content and 2025 advertising revenue forecasts.

Major U.S. stock indexes rose midday Wednesday Latest consumer inflation report It strengthened expectations that the Federal Reserve will cut interest rates next week. The Nasdaq climbed to new highs as technology stocks soared. The Dow and S&P 500 were also higher.

alphabet (Google) shares rise to record highs, fueled by excitement “Breakthrough” quantum computing chip It’s called a willow tree.

Netflix stock (NFLX) also hit a new high JPMorgan raised its price target on the stock to $1,010 from $850, citing the streaming service’s content and 2025 advertising revenue expectations.

Tesla (Tesla) shares also hit a record high after reports that the electric vehicle (EV) maker has not given up on making a $30,000 car and may launch it next year. Goldman Sachs also raised its price target on the stock Morgan Stanley raises target price.

Walgreens Boots Alliance (world boxing association) shares turned lower after the largest U.S. drugstore chain reported a sharp rise yesterday. Negotiating privatization Provided by Sycamore Partners.

Macy’s Department Store (medium size) after the company’s stock price plummeted Releases delayed third-quarter earnings report It revised its full-year outlook, with sales falling below analysts’ expectations.

Oil and gold futures rose. The 10-year Treasury yield rose. The dollar rose against the euro, pound and yen. Prices for most major cryptocurrencies are rising, with Bitcoin topping $101,000.

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