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On the technology front, Alphabet (Google's parent company) also saw robust performance with a nearly 6% increase in its stock price. This rally can be attributed to positive feedback regarding its advancements in quantum computing, particularly the innovative use of its Willow quantum chips, along with plans for renewable energy parks that aim to meet the increasing power needs of its data centers.
Boeing's Stock Recovery
Boeing reported a recovery with a gain of approximately 4.5% following the resumption of assembly on its best-selling aircraft. The company had faced challenges due to a lengthy strike, yet with operations now back to normal, investors seem cautiously optimistic about future deliveries and performance in the coming months.