Markets

Tech firms lift US stock markets to record highs

No end in sight for the new dotcom boom as Alphabet, Amazon and Microsoft shares soar after results are better than expected

US stock markets hit new peaks on Friday after forecast-beating results from the technology companies including Google’s parent company Alphabet, Amazon and Microsoft .

All three saw their shares soar to record highs in the wake of better than expected quarterly updates, adding billions in revenues and increasing profits compared with the same three-month period in 2016.

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