Stock Market Today: Alphabet, Growth Names Add More Fuel to the Rally

Earnings beats by Google's parent company, as well as other technology and communications stocks, helped lift the major indexes Wednesday.

Concept art of stock price arrows going higher
(Image credit: Getty Images)

So far, so good in February's early days, as Wednesday's session saw stocks continue their recent rebound on the back of encouraging corporate earnings.

The day started off with a potential blow to the nascent rally: ADP reported that private payrolls dropped by 301,000 in January – a huge whiff from estimates for 200,000 and the first decline since December 2020.

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Kyle Woodley

Kyle Woodley is the Editor-in-Chief of WealthUp, a site dedicated to improving the personal finances and financial literacy of people of all ages. He also writes the weekly The Weekend Tea newsletter, which covers both news and analysis about spending, saving, investing, the economy and more.

Kyle was previously the Senior Investing Editor for, and the Managing Editor for before that. His work has appeared in several outlets, including Yahoo! Finance, MSN Money, Barchart, The Globe & Mail and the Nasdaq. He also has appeared as a guest on Fox Business Network and Money Radio, among other shows and podcasts, and he has been quoted in several outlets, including MarketWatch, Vice and Univision. He is a proud graduate of The Ohio State University, where he earned a BA in journalism. 

You can check out his thoughts on the markets (and more) at @KyleWoodley.