US Stocks Rally As Investors Eye Economic Data | Alphabet Revives $30b Bid For Wiz |
US Stocks | Wall Street saw gains for the second straight session as investors weighed economic data and the Trump administration’s policies. The Dow rose 0.85%, the S&P 500 gained 0.64%, and the Nasdaq climbed 0.31%. Retail sales in February saw only a slight uptick, missing expectations. Meanwhile, factory activity in New York plunged to a two-year low. Analysts have said that investor sentiment remains cautious, with uncertainty around tariffs and federal job cuts. In another development, Google’s parent company, Alphabet, is in advanced talks to acquire Israeli cybersecurity firm Wiz for over $30 billion. If finalized, this would be Alphabet’s largest-ever acquisition. The tech giant had previously offered $23 billion last year, but Wiz backed out over antitrust concerns. The deal could bolster Alphabet’s cloud security business, which generated $43 billion last year. However, regulatory scrutiny is expected, as Trump’s administration may still enforce some antitrust measures. Neither company has officially confirmed the talks. Watch The World Report for the latest updates.
