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December 15, 2017
Friday, April 24, 2015

Nasdaq hits 15-year high, propelled by tech triumvirate

The Nasdaq Composite hit a 15-year high today, propelled by strong results from tech behemoths Google, Amazon and Microsoft. The S&P 500 also hit a record high for a second straight day.

Amazon surged 15 percent to a lifetime high after its revenue beat estimates. Google gained 3.6 percent after reporting higher quarterly results while Microsoft jumped 9.4 percent after it topped estimates.

The Dow Jones industrial average closed up 21.45 points, or 0.12 percent, to 18,080.14. The S&P 500 rose 4.76 points, or 0.23 percent, to 2,117.69 and the Nasdaq Composite gained 36.02 points, or 0.71 percent, to 5,092.09.

Investor sentiment in Europe was boosted by positive updates from companies including Electrolux and Renault. European companies are set for a bumper earnings season on the back of a weak euro and an improved economy.

The pan-European FTSEurofirst 300 stock index rose 0.4 percent to close at 1,626.83, supported by a German business survey that rose by more than expected for April. The prospect of a break-through in Greece's debt drama underpinned markets.

Meanwhile, Japan's Nikkei share average fell, snapping a three-day winning streak as investors took profits, although energy-related shares outperformed on a rise in crude oil prices.

The Nikkei 225 benchmark index ended 0.8 percent lower at 20,020.04. For the week it rose 1.9 percent. The broader Topix dropped 0.4 percent to 1,618.84 and the JPX-Nikkei Index 400 declined 0.5 percent to 14,677.06.

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Tags:  US  stock market  Europe  Nikkei  





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