Friday 17 July 2015

Wall St Rises; EBay, Netflix Push Nasdaq To Record High

Posted by suhani varma on Friday, July 17, 2015 with No comments

Wall Street ended stronger on Thursday, with the Nasdaq up more than 1 percent at a record high after earnings reports from eBay and Netflix boosted optimism. Google's shares jumped more than 13 percent after the bell following a better-than-expected profit report. Sentiment was also bolstered after the Greek parliament voted in favor of austerity measures. Uninspiring quarterly reports from Goldman Sachs and UnitedHealth, however, capped gains on the Dow. The S&P has surged almost 4 percent from eight days ago, when widespread fears about Greece and a Chinese stock selloff pushed the index to its lowest level since March. 

The Dow Jones industrial average rose 70.08 points, or 0.39 percent, to 18,120.25. The S&P 500 gained 16.89 points, or 0.8 percent, to 2,124.29. The Nasdaq Composite added 64.24 points, or 1.26 percent, to end at 5,163.18, just beating its previous record-high close of 5,160.095 on June 23. The S&P was also near a record high. Google's Class A shares jumped 13.5 percent to USD 683 after the web search leader posted a better-than-expected profit for the first time in six quarters.

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