Alphabet Surges With 65% Gain in Longest Rally Since 2009
- Shares are poised for their eighth straight month of gains
- Yearly rise nearly twice as much as Facebook, Microsoft
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Alphabet Inc. shares are poised for the longest string of monthly advances in over a decade as advertising revenue surges, driving them to the best returns among the nation’s megacap technology companies.
The shares rose 0.4% Monday to $2,891.81, an all-time high, pushing them to a gain of more than 7% in August. It will be the eighth straight monthly advance for the stock, the longest such rally since a 10-month streak in 2009.