Alphabet and Meta Platforms Both Hit All-Time Intraday Highs Amid General Nasdaq Strength
"Magnificent 7" stocks $Alphabet-A(GOOGL.US$ and $Meta Platforms(META.US$ both hit new intraday all-time highs Friday despite no apparent news for the names -- although the market saw general enthusiasm for components of the $Nasdaq Composite Index(.IXIC.US$, which also reached record territory.
META added as much as 5% to a $535.67 intraday record high, while GOOGL gained as much as 2.5% to a $190.44 all-time peak.
The stocks rallied despite no official news from either company. However, Zacks Investment Research named Alphabet as one of its "Investment Ideas" for Friday, while Bernstein Research wrote positively on Wednesday about Meta's AI efforts.
The "Mag 7" also continued to be popular in general on Friday, helping drive both the Nasdaq Composite Index and the $S&P 500 Index(.SPX.US$ to new intraday record highs.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
Director of Financial Content
Former top editor at Seeking Alpha, Fidelity.com, TheStreet.com and UPI.
266Followers
270Following
1320Visitors
Follow
104423482 : THANKS YOU
TigerAlan : Ok