US: Strong tech earnings lift stocks, Nasdaq +1.5%

Wall Street stocks finished a choppy session higher Friday after large tech companies reported strong earnings and Washington policymakers haggled over another round of fiscal support.[NEW YORK] Wall Street stocks finished a choppy session higher Friday after large tech companies reported strong earnings and Washington policymakers haggled over another round of fiscal support.

The tech-rich Nasdaq Composite Index led the major indices, winning 1.5 per cent to end at 10,745.27. The Dow Jones Industrial Average added 0.4 per cent at 26,429.06, while the broad-based S&P 500 gained 0.8 per cent to 3,271.26. Tech giants Amazon, Alphabet, Apple and Facebook all reported better-than-expected results after the market closed Thursday, validating surging valuations built on expectations the sector would be a big winner amid the pandemic upheaval.

Apple surged 10.5 per cent and Facebook won 8.2 per cent, both all-time highs. Amazon also climbed, while Google parent Alphabet ended lower.

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