- Alphabet rises on upbeat sales, stock split
- AMD surges on strong outlook, results; lifts chipmakers
- PayPal slides on weak first-quarter outlook
- Starbucks down after lowering profit forecast
- Futures up: Dow 0.10%, S&P 0.74%, Nasdaq 1.45%
Feb 2 (Reuters) – Nasdaq 100 futures jumped 1.5% on Wednesday, rising for the fourth straight session after a turbulent start to the year, as Google-parent Alphabet and chipmaker Advanced Micro Devices’ shares surged following strong fourth-quarter results.
Alphabet Inc (GOOGL.O) rose 10.4% in premarket trading after reporting record quarterly sales on Tuesday, and said it plans to undertake a 20-to-one stock split. read more
The stock split should make it more appealing to retail investors, said Neil Wilson, chief market analyst for Markets.com, adding that Alphabet earnings will underpin a return in confidence in beaten down technology names.
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