Thursday was a big day for the earnings reports of technology companies, with Alphabet (parent company of Google), Amazon, Intel and Microsoft reporting earnings. (Apple and Facebook will report next week).
The share prices of both Alphabet ($908 as of Friday) and Amazon ($927 as of Friday) are now approaching $1,000. Will that happen this year? Time will tell. (Right now the US economy is only growing at 0.7%. Most economists say it would have to achieve 2% growth to drive the stock market higher by year end).
