Wall Street Set for Fourth Day of Gains on Alphabet, AMD Results

Trader Ben Tuchman works on the floor, in New York Stock Exchange in New York City, on Jan. 28, 2022. Allie Joseph/New York Stock Exchange via AP

U.S. shares were set to extend gains for the fourth straight session on Wednesday after a turbulent start to the year, as Google-parent Alphabet and chipmaker Advanced Micro Devices’ shares surged following strong quarterly results.

Alphabet Inc. rose 8.2 percent after reporting record quarterly sales on Tuesday, and said it plans to undertake a 20-to-one stock split.