Microsoft, Alphabet lift Nasdaq but cyclicals weigh on S&P 500

NEW YORK, Oct 27 (Reuters) – The Nasdaq rose on Wednesday boosted by gains in Microsoft and Google parent Alphabet on the heels of their quarterly results, but a drop in oil prices and a pullback in Treasury yields weighed on cyclical sectors and capped gains on the S&P 500. Microsoft Corp gained 5.03% to hit a record high after forecasting a strong end to the calendar year, fueled in part by its booming cloud business.

Link: Microsoft, Alphabet lift Nasdaq but cyclicals weigh on S&P 500
via http://www.reuters.com

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: