S&P, Nasdaq end at records on strong earnings

NEW YORK: Major US indices surged to records on Friday following standout earnings from Google, Starbucks and others and as investors eyed an expected Federal Reserve interest rate cut next week.

The broad-based S&P 500 rose 0.7 percent to 3,025.98, while the tech-rich Nasdaq Composite Index jumped 1.1 percent to 8,330.36. Both are new records, topping the prior all-time highs set Wednesday.

The Dow Jones Industrial Average climbed 0.2 percent to 27,190.78, about 170 points shy of its own peak.