Shares of Alphabet Inc. Cl A rose 1.46% to $162.14 Thursday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 1.70% to 5,713.64 and the Dow Jones Industrial Average rising 1.

U.S. stocks closed with modest losses on Wednesday, well off their intraday highs, after the Federal Reserve cut interest rates by 50 basis points, the high side of estimates for its first cut in more than four years.