Alphabet (GOOGL) announced it will use the actively traded company’s chips in its new Stadia cloud-based video-game service. That could make AMD a key player in a fast-growing pastime already drawing millions of daily views.
The first major theme was a rebound in beaten down social-media stocks
Facebook (FB) and Snap (FB). Both showed signs of repairing different kinds of problems plaguing their businesses. FB’s big achievement was to keep drawing advertiser dollars – especially from its new Stories format and video service.
The S&P 500 rose 1.2 percent between Friday, September 7, and Friday, September 14. It was the biggest weekly gain in two months, with more than two-thirds of the companies in the index gaining.