Why Alphabet Stock Jumped Today
Shares of Google parent Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) have jumped today, up by 5% as of 3 p.m. EDT, after tech stocks rallied on hopes that the U.S. is making progress in containing the COVID-19 outbreak. Google and other tech companies have been trying to provide tools that can assist in those efforts.
Google has partnered with Apple (NASDAQ: AAPL) to incorporate contact-tracing technology into each of their dominant mobile operating systems, which power nearly every mobile device in the world. The companies will use application programming interfaces (APIs) that include interoperability in an effort to help inform public health officials.
Image source: Google.
Source Fool.com
