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Alphabet (GOOGL) added 10% after the Google parent reported higher-than-expected first-quarter earnings and revenue.
Alphabet raised its full-year capital expenditures guidance to $190 billion, up from $180 billion.
KEY POINTS
- Google Cloud revenue surged 63% year over year, significantly outpacing other segments.
- Meta's daily active people in Q1 were 3.56 billion, missing forecasts by 60 million.
- Caterpillar raised its 2024 revenue outlook from about 7% to low double-digit percentage growth.
- The S&P 500, Nasdaq, and Dow all closed at new record highs after these results.
COMPANIES
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