The Dow Jones today jumped over 100 points in pre-market hours after Google parent company Alphabet Inc. (Nasdaq: GOOGL) significantly beat earnings expectations. The firm reported earnings per share (EPS) of $11.75 – Wall Street analysts had expected the firm to report earnings of $9.59 per share.
Quarterly revenue jumped by 25% from the same period last year, thanks largely to a big jump in pay-per-click advertising. GOOGL shares were up 4.5% in pre-market hours. Alphabet's success has investors cheering the tech sector and eyeing more gains as we move deeper into earnings season.
Here are the numbers from Monday for the Dow, S&P 500, and Nasdaq:
Now here's a closer look at today's Money Morning insight, the most important market events, and stocks to watch.
Earnings season is well underway. And if you're looking to make real money, the time to get started is now. Money Morning Quantitative Specialist Chris Johnson argues the markets are at a tipping point. And with just a few smart plays in today's classic stock picker's market... you can pull in triple-digit gains with just a small investment. Read those picks right here.
Critical: A breakthrough technology could disrupt every major industry, and one tiny company is at the center of it all. Its stock is trading for less than $10 now, but it could deliver a 471.9% gain for early investors. Learn more...
Follow Money Morning on Facebook, Twitter, and LinkedIn.
[mmpazkzone name="end-story-hostage" network="9794" site="307044" id="138536" type="4"]