Alphabet Inc (NASDAQ:GOOGL) (NASDAQ:GOOG) shares are trading higher by 1.15% to $108.58 during Wednesday’s session. The stock is potentially trading higher amid overall market strength following April CPI data.
Alphabet shares have also seen recent strength in recent weeks. The company last month reported strong first-quarter results and announced a $70 billion buyback.
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What’s Going On In The Broader Market?
The Consumer Price Index (CPI) in the United States came in at 4.9% year-over-year in April, slightly below the 5% increase seen in March and the 5% forecasted by economists.
The headline inflation rate rose 0.4% month-on-month in April, up from 0.1% in March and in line with expert expectations. The annual inflation rate was 5.5%, continuing the downtrend started in July 2022…Read More
According to data from Benzinga Pro, GOOGL has a 52-week high of $122.43 and a 52-week low of $83.34.
