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Facebook, Google, Apple & Microsoft shares hit record high

Olumide Adesina by Olumide Adesina
April 5, 2021
in Markets, Stock Market, Tech News
U.S Stocks set to surge higher, on hopes of a stimulus package deal, What Does The Circuit Breaker Tell Us

Trader Trader Gregory Rowe works on the floor of the New York Stock Exchange at the end of the trading day Monday, March 16, 2020. (AP Photo/Craig Ruttle)

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Social media giant, Facebook today rallied as much as 3.8% to touch an intraday record of $309.89 per share.

Strong growth from the world’s biggest economy boosted buying pressure among global investors as impressive economic data from America’s service industries coupled with an advance in cyclical industries fueled the hike in Facebook’s shares.

READ: Fintech: Ex-Google employee becomes billionaire in 24 hours

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In addition, Alphabet Inc., the parent company of Google, also recorded as much as 4% amid reports that it won its supreme court case against Oracle, a case that has lingered for about 3 years.

Among other notable Tech companies, Amazon.com rose 1.9%, Apple Inc surged by 2.1%, and Microsoft Corp. was up as much as 3.1%.

Tech giants are surprisingly recording impressive gains despite a rotation into utility and energy-based stocks.

READ: Cryptos that will likely earn you money in 2021

More details shortly…


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Tags: AppleBusiness NewsFacebookGoogleMicrosoftTech news
Olumide Adesina

Olumide Adesina

Olumide Adesina is a financial market writer, analyst and investment trader. Message Olumide on Twitter @Olumidecapital

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