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5 Things You Must Know Before the Market Opens Friday

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Here are five things you must know for Friday, July 29:

1. -- Alphabet (GOOGL) was rising 3.4% in premarket trading Friday after handily beating analysts' second-quarter estimates.

Revenue rose 21% in the period to $21.5 billion, an improvement from the first-quarter's 17% growth. Adjusted earnings rose 20% to $8.42 a share.

The sales growth was fueled by a 21% increase in Google segment revenue to $21.3 billion. That, in turn, was driven by a 24% increase in Google sites ad revenue to $15.4 billion -- mobile search and YouTube were behind most of the growth -- and a 33% increase in "Google other"...