US stocks surged on Friday as the majority of growth stocks advanced following strong Q1 results from Alphabet raised its market worth that surpassed $2 trillion, while the aligned inflation figures cooled down worries on interest rate.
Alphabet stocks climbed 10.1% to a record peak after the parent company Google declared its first dividend, a $70 billion buyback of stock and Q1 performance that exceeded forecasts.
The share rise drove the search engine enormous market worth to surpass $2 trillion on daily basis.
Boosting more sentiments, Microsoft (MSFT) edged up by 2.5% on surpassing projections from Wall Street for Q3 income and earnings, triggered by gains from AI integration throughout all of its cloud services.
U.S. monthly inflation spiked somewhat in March on an annual basis while being consistent with projections on a monthly basis, supporting additional gains.

Nasdaq ticked up by 302.40 points, or 1.94%, at 15,914.16, the S&P 500 advanced by 48.44 points or 0.96% at 5,096.86 and Dow Jones climbed 89.62 points, or 0.24% at 38,175.42.

Speaking of the 11 major S&P 500 sectors, five edged higher, communication services saw a 4.1% increase, while the energy sector saw the biggest decline of 1.7%.