Tech Shares and Muted GDP Growth push S&P 500 to Record

Wall Street rose on Friday, with the S&P 500 index hitting a record intraday high for the seventh time this month as gains in technology heavyweights Alphabet and Amazon more than made up for losses in energy shares. The benchmark index rose as much as 0.3 percent, touching an all-time high of 2,177.09, and completed its fifth straight month of gains. 

Shares of Google parent Alphabet jumped 3.33 percent a day after the Internet company posted strong quarterly revenue growth, while online retailer Amazon.com touched a record high after giving an upbeat forecast for the current quarter. 

Alphabet contributed the most to gains on the Nasdaq and the S&P 500. However, the Dow was dragged down by a 1.48 percent drop in McDonald's and a 1.39 percent fall in Exxon, which reported a lower-than-expected quarterly profit. The stock was the top percentage loser on that index.


For More Information Stock advisory company Indore, Indian Mcx Commodity Tips ,mcx tips ,intraday trading tips, ,stock cash tips, intraday tips, stock future tips ,best stock advisory company in Indore, intraday market tips, nifty future tips, option tips, intraday stock tips, nse bse tips, and you can call us on :- 9827808090

Comments

Popular posts from this blog

Daily equity Market By Ripplesadvisory Report 16-Aug-2016

सकारात्मक वैश्विक रुझानों के सहारे बाजार में मजबूती, निफ्टी 10,900 के ऊपर

11-year data suggests bears control D-Street in September; can bulls defy odds?