Tech Sector Rides High On Widely Positive Earnings
Tech companies coming off positive earnings reports saw double-digit value spikes, in some cases.By Evan Thomas | October 23, 2015
It was, by and large, a great quarter for tech stocks. Amazon, Alphabet and Microsoft all saw sharp rallies.
Amazon announced unexpected profits and positive guidance for the holiday quarter, thanks in part to strong cloud service performance.
Alphabet announced its first-ever share buyback. The board approved $5.1 billion to reacquire shares, the first time in 11 years the company-formerly-known-as-Google has bought back. (Video via Google)