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Oil prices whipsaw while US stocks hover above their record heights [Globe and Mail, The (Toronto, Canada)]
Last alphabet inc. - class c capital stock earnings: 4/28 04:02 pm
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The U.S. stock market, meanwhile, is rising following strong profit reports from big companies like Alphabet The S&P 500 rose 0.6% and is just above its all-time high set earlier this week, as companies keep delivering fatter profits for the start of 2026 than analysts expected, even with very high oil prices and uncertainty about the economy. The Dow Jones Industrial Average was up 732 points, or 1.5%, as of 12:33 p.m. Eastern time, and the Nasdaq composite was 0.2% higher. Alphabet led the way and climbed 7.5% after the owner of Google and YouTube reported profit for the latest quarter that almost doubled analysts' expectations. Investments in artificial intelligence “are lighting up every part of the business,” CEO Sundar Pichai said. The steadiness on Wall Street followed manic swings in the oil market, where prices surged overnight on worries that the Iran war will affect the flow of crude for a long time. Iran has closed the Strait of Hormuz to oil tankers, keeping them pe
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