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On Friday, April 26th, the U.S. stock markets closed higher, supported by strong earnings from tech leaders and mild inflation data. The market reacted positively to Alphabet's first dividend and a $70 billion buyback, driving its shares up 10% and lifting its valuation above $2 trillion. Related: Alphabet's Blockbuster Results Highlight Its Transition From AI Laggard To Going 'On The Offensive': 11 Analysts Revise Forecasts After Q1 Results Economic data showed the Federal Reserve's key inflation gauge, the PCE price index, climbed to 2.7% in March from 2.5% in February, surpassing forecasts of 2.6%. Six of the eleven main S&P 500 sectors ended higher, led by communication services, technology, consumer discretionary, and materials. The Dow Jones Industrial Average gained 0.40% to close at 38,239.66. The S&P 500 was up 1.02%, ending the day at 5,099.96, while the Nasdaq Composite rose 2.03%, finishing the session at 15,927.90. Asian Markets Today Eurozone at 05:45 AM ET Commodities at 05:45 AM ET US Futures at 05:45 AM ET Dow futures were up 0.08%, S&P 500 futures rose 0.13%, and Nasdaq 100 Futures gained 0.21%. Forex at 05:45 AM ET Photo via Shutterstock Market News and Data brought to you by Benzinga APIs © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.