Stock market today: Dow ends higher as big tech reigns supreme on easing inflation

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S&P 500 Information Technology sector outperformed S&P 500 by 26% in 6 months to June - S&P Dow Jones

July 13, 2023 1:24 PM EDT

S&P Dow Jones revealed Thursday that S&P 500 Information Technology sector outperformed the S&P 500 by 26% over the six months ended June 30.

S&P Dow Jones' senior director of index investment strategy, Anu Ganti, said tech's outperformance, driven by mega-cap strength, has been especially notable because of... More

Morgan Stanley remain bullish on Alphabet (GOOGL) and Meta Platforms (META)

July 13, 2023 11:09 AM EDT

Morgan Stanley raised the price target for Alphabet (NASDAQ: GOOGL) to $150 from $140 and Meta Platforms (NASDAQ: META) to $350 from $300 in a note Thursday, maintaining an Overweight rating on both stocks.

Analyst Brian Nowak told investors that near-term fundamentals leave them bullish on both, with... More

TD Cowen sees positives for Alphabet (GOOGL), but notes 'some risk to YouTube mobile share'

July 13, 2023 9:51 AM EDT

TD Cowen analyst John Blackledge lifted the firm's price target for Alphabet (NASDAQ: GOOG) to $140 from $130, reiterating an Outperform rating in a note previewing the tech giant's second quarter.

The analyst stated that a 2Q digital ad expert check call TD Cowen held on July 10 implies ongoing US consumer... More