In after-hours trading on Monday, Google's parent Alphabet (GOOGL) passed Apple (AAPL) in terms of total market capitalization, becoming -- at least for a while -- the world's most valuable publicly traded company. Following Alphabet's better-than-expected quarterly results, its shares rose more than 9 percent at one point, later trimming the gains to about 4.6 percent.
Simply reorganizing how Alphabet's results were reported -- dividing core Google results from so-called "moonshot" activities like automated vehicles -- as well as ongoing strength in digital ad revenue helped do the trick.
16:50 Goldman Sachs, Citigroup earnings confirm Trump effect on banks17
01:20 Google reportedly bringing affordable Android One program to US24
09:29 Tobacco giant BAT buys out US firm Reynolds in mega-deal15
12:23 Sterling volatile as market speculates on ‘hard Brexit’; investors await May's speech16