Tech earnings tsunami buoys Alphabet, sinks Apple

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By Noel Randewich
(Reuters) - Alphabet rallied, Apple sank and Twitter tumbled on Thursday after a mixed bag of quarterly reports from top-tier technology companies that investors have relied on this year to power a stock market rally through the coronavirus pandemic.
Share swings following the reports from the tech heavyweights after the bell sent exchange-traded funds tracking the S&P 500 and Nasdaq down about 1% each, suggesting Wall Street may open weaker on Friday.
Mostly upbeat results from Facebook , Google-parent Alphabet and Amazon, along with Microsoft's strong report earlier this week, show how the largest U.S. companies have expanded their businesses and outperformed smaller rivals this year as the pandemic accelerates trends toward online shopping, video streaming and other technologies.
Alphabet and Facebook both reported strong rises in advertising sales and ...


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