REUTERS: Robust earnings from Google-parent Alphabet and Twitter took the S&P 500 and Nasdaq indexes to record highs on Friday, with support from data that showed the domestic economy slowed lesser than expected in the second quarter.
Hopes that the Federal Reserve will cut rates at its policy meeting next week have powered a solid run in stocks this month, helping Wall Street scale record levels. Twitter Inc rose 8.9per cent after it posted better-than-expected second-quarter revenue and an uptick in daily users who see advertisements on the site.
Amazon.com Inc fell 1.4per cent and was the biggest drag on the benchmark S&P 500 after the online retailer reported its first profit miss in two years and said income would slump in the current quarter.