What was with all the hand-wringing? Google’s numbers finally came out after the market close, they were good and technology exchange traded funds (ETFs) liked it.

Google (GOOG) put the kibosh on rumors that its advertising business was slowing and reported that its first-quarter net income rose to $1.31 billion, reports Reuters.

iShares Dow Jones U.S. Technology (IYW) has 5.4% given to Google, and Technology Select Sector SPDR (XLK) holds 5% of the company. They’re up slightly in after-hours trading, but how will it be tomorrow?


The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.