Alphabet Surges on Wall Street: First Dividend, Better Earnings Propel S&P 500, Nasdaq and Dow Jones Higher, While Intel Disappoints

Alphabet, the parent company of Google, experienced a surge in its stock value on Wall Street after announcing its first dividend and reporting better-than-expected earnings. The S&P 500, Nasdaq, and Dow Jones indices also showed positive gains following the news. Microsoft’s share also rose by 2.6 percent after exceeding analysts’ expectations. However, semiconductor manufacturer Intel’s share was down about 10.5 percent due to disappointing guidance. Meanwhile, oil companies Exxon Mobil and Chevron saw decreases in their stock values while macroeconomic data from the US showed positive trends in private consumption and inflation levels. Despite these developments, the overall market remained optimistic with various companies reporting better-than-expected earnings and dividends being paid out.