Alphabet Stock up 3.5% Despite $5 Billion Antitrust Fine
Alexis Melvin, associate at Adviser Investments, has the market analysis for Monday, July 23. It was a quiet day for the major U.S. stockA financial instrument giving the holder a proportion of the ownership and earnings of a company. indexes: The Dow Jones Industrial Average declined just under 0.1% and the S&P 500 and NASDAQ Composite advanced 0.2% and 0.3%, respectively. Alphabet (ticker: GOOG) surpassed quarterly sales and earnings expectations despite the European Union’s recent $5 billion antitrust fine against the company. GOOG gained over 3.5% in after-hours trading. Meanwhile, we also saw U.S. existing home sales decline for the third consecutive month, down 0.6% in June. Tomorrow, Harley-Davidson, Verizon and Biogen will report earnings.