Tech Trio Hits the Jackpot on Earnings; Facebook Hits Record High
Big tech companies are soaring as a trio of some of the biggest names in the space all reported strong quarterly results. Microsoft (MSFT), Amazon (AMZN) and Alphabet (GOOG) all turned in impressive results. Microsoft's focus on Windows 10 and the cloud business is paying off. Amazon reported a surprise profit and the stock's rise has made CEO and Founder Jeff Bezos the 3rd richest person on the planet. Alphabet, parent of Google, is soaring on strong earnings and a stock buyback. The tech results should bode well for the NASDAQ today. Meanwhile, Facebook (FB) shares hit a record high in the premarket. It traded above $100 a share. Facebook announced an expanded version of its search as it indexed more than 2 trillion posts and touted it as a way to discuss news events in real time. Twitter (TWTR) CEO Jack Dorsey is giving a third of his stock in the company to employees. It's worth $200 million.
