Technology stocks such as Alphabet and Amazon have risen overnight after reporting strong third quarter results.
Shares in Alphabet and Amazon both jumped by 2.8% and 7.6% in after-hours trading to hit above $1,000, while Microsoft rose 4.6% to reach a record of $82, up from $78 at close. Alphabet, which derives the majority of its revenue and income from Google, saw profits rise to $7.8bn, up from $5.6bn during the same period last year. Meanwhile Amazon saw sales increase 34% to $43.7bn and revenue jumped 24% year-on-year. Jeff Bezos, chief executive of Amazon, attributed the rise to sales of its smart products such as Alexa. How much bigger can Facebook, Google and Amazon get? Amazon a...
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