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S&P, Nasdaq hit closing records with help from Alphabet, Starbucks

Published 07/26/2019, 04:16 PM
Updated 07/26/2019, 05:40 PM
S&P, Nasdaq hit closing records with help from Alphabet, Starbucks

(Reuters) - Robust earnings from Alphabet (NASDAQ:GOOGL) and Starbucks (NASDAQ:SBUX) pushed the S&P 500 and Nasdaq indexes to record highs on Friday, with support from data showing U.S. economic growth slowed less than expected in the second quarter.

The Dow Jones Industrial Average (DJI) rose 51.2 points, or 0.19%, to 27,192.18, the S&P 500 (SPX) gained 22.19 points, or 0.74%, to 3,025.86 and the Nasdaq Composite (IXIC) added 91.67 points, or 1.11%, to 8,330.21.

Latest comments

So Spx500 will be going up?
Q2 GDP 2.1%, Q1 3.1%, 1H2.6%r. r. Economy is expanding slower than 1Q, but higher speed than 20 yr. average.r. r. 5% Fed fund rate and 5% savings interest rate please!r. r. It is a clear warning to those 'lower longer addicted'.
No rate cuts but cronies are selling ata. Premium till wednesday
Aim low and "beat" to drive markets I guess.
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