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.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Nasdaq surges on megacap earnings but US fiscal uncertainty nagsNEW YORK (REUTERS) - The Nasdaq jumped more than 1% on Friday (July 31), powered by strong earnings from some of the largest US companies, but the Dow and S&P finished with smaller gains as uncertainty about the government's next round of coronavirus aid kept economic worries on the radar.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »

Kodak CEO's fortune swells US$79 million as stocks rally on US government loanEastman Kodak Co CEO Jim Continenza added US$79 million to his net worth on Wednesday when his options in the imaging company turned from ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »