Microsoft And Alphabet On Track For Record Closes As Big Tech Hold Gains

By Ciara Linnane Markets MarketWatch Pulse

Shares of Microsoft Corp. and Alphabet Inc. were on track to set record closes Tuesday, finding a tailwind as traders returned from the holiday weekend. Just last week, Howard Silverblatt at S&P Dow Jones Indices said about 34% of the S&P 500's 2017 gains have come from Apple Inc. , Amazon.com Inc. , Facebook Inc. , Microsoft Corp. and Google's parent. Other stocks touching highs Tuesday include Nvidia Corp. , electric car maker Tesla Inc. and Intuitive Surgical . The latter was a surprise move, coming after Canaccord downgraded the stock earlier, saying its valuation was more stretched than at any other time in its 20-year history. The Dow Jones Industrial Average was down 0.2% and the S&P 500 was flat.

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