Asia Up, Europe Mixed, While Yen Surges Against Dollar - Global Markets Today While US Slept
Portfolio Pulse from Akanksha Bakshi
U.S. stock markets closed higher, driven by strong tech earnings and mild inflation data. Alphabet announced its first dividend and a $70 billion buyback, boosting its shares by 10% and its valuation above $2 trillion. The PCE price index rose to 2.7% in March. Asian markets also saw gains, while European markets were mixed. Commodities and U.S. futures indicated varied movements, with the yen surging against the dollar due to potential Japanese intervention.
April 29, 2024 | 10:35 am
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Alphabet announced its first dividend and a $70 billion buyback, driving its shares up 10% and lifting its valuation above $2 trillion.
The announcement of Alphabet's first dividend and a significant buyback program has positively impacted its stock price, reflecting investor confidence and the company's strong financial position.
CONFIDENCE 90
IMPORTANCE 95
RELEVANCE 100