Google Alphabet raises the Nasdaq to a record high; oil and metals prices boost businesses



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The Alphabet stock is displayed on a screen at Nasdaq MarketSite in New York City on July 25, 2017.

Mark Lennihan / The Associated Press

The Nasdaq composite hit a record high on Tuesday as the Alphabet results provoked Rising prices for oil and metals boosted energy and materials companies.

The S & P 500 benchmark index reached its highest level since the beginning of February and is less than 2% of the market. its balance sheet at the end of January as a handful of robust gains has helped investors get rid of worries over a US-China trade war and a stronger dollar.

Alphabet jumped 5.3% to a record high of $ 1,275. Quarterly results beat the Wall Street targets

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The Google parent has been the biggest boost of the S & P 500 and has helped push up the business sector. S & P technology of 0.82%. Facebook and Amazon increased by 1.6% and 1.4% respectively. Technology stocks led the recovery from the turmoil of early 2018 that dragged US equities into a correction and helped erase almost all market losses in general.

The Trump administration plans to help US farmers protect them from the repercussions of pitfalls between the United States and its trading partners.

Caterpillar jumped 2% while Deere gained 4.2% and Agco 1.8%.

The markets are really anchored in the fundamentals and look at the profits, which is heavy this week, "said David Lyon, international investment specialist at JP Morgan Private Bank in San Francisco.

At 11:39 EDT Dow Jones Industrial Average up 198.77 points, or 0.79%, to 25 242.56, the S & P 500 was up 15.95 points or 0.57% to 2,822.93 and Nasdaq Composite up 33.90 points, or 0.43%, to 7,875.78 l, with a decline in issuers outpacing the Nasdaq ratio of 1.22 to 1, while stocks in advance outnumbered stocks on the NYSE