Google Alphabet Earnings: Stock climbs over 7% as company reports better-than-expected ad sales
High-growth and megacap companies have powered the U.S. stock market for the past decade, but rising interest rates to combat decades-high inflation as well as a recent sharp rally in the dollar have taken a toll on the stocks.
The rate-sensitive growth stocks fell 25% this year as the Federal Reserve began its monetary policy tightening, compared with a near 18% fall in the S&P 500 index. Pic: Pixabay