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Why Alphabet Stock Rose Today

Why Alphabet Stock Rose Today

Shares of Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) climbed on Friday, even as the major stock indexes fell. As of 12:30 p.m. EDT, the tech-focused conglomerate's stock was up 4.6%, while the S&P 500 and Nasdaq were down 1.1% and 2%, respectively. Alphabet's third-quarter revenue jumped 14% year over year to $46.2 billion, besting Wall Street's estimates of $42.9 billion.