Why Atlassian, Alphabet, and Sprint Jumped Today
Strong earnings reports from numerous tech companies helped push the market to new highs today, with the S&P 500 and Nasdaq Composite both hitting record levels. The U.S. Department of Commerce also said that GDP grew at an annual rate of 2.1% in the second quarter, beating expectations.
Google parent Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) and Atlassian (NASDAQ: TEAM) were among those with upbeat earnings releases, while Sprint (NYSE: S) and T-Mobile (NASDAQ: TMUS) got some good news regarding their proposed merger.
Image source: Google.
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