NEW YORK: US stocks climbed Friday, buoyed by Google's gangbuster earnings, rising US retail sales and hopes that European governments are moving to resolve the eurozone debt crisis.
The Dow Jones Industrial Average rose 167.11 points (1.46 percent) to 11,645.24 in closing trade.
The S&P 500, a broader measure of the markets, advanced 20.91 points (1.74 percent) to 1,224.57, while the tech-heavy Nasdaq Composite gained 47.61 points (1.82 percent) to 2,667.85.
Google shares shot up 5.85 percent to $591.68 after reporting late Thursday a big jump in third quarter profit, to $9.72 billion, as sales leaped 33 percent from the same period last year.
Analysts said that helped give a boost to Amazon, which pushed up 4.47 percent to $246.71, a new all-time high.
Comments
Comments are closed for this article.