S&P 500, Nasdaq end at records to close out a strong week for tech
U.S. stocks closed at fresh highs Friday, buoyed by bullish earnings reports and a better-than-expected reading on second-quarter domestic GDP.The Dow Jones Industrial Average DJIA, +0.19% was up about 65 points, or 0.24%, to close around 27,207. The S&P 500 SPX, +0.74% rose 23 points, 0.80%, to close near 3,025, a new all-time high.
The Nasdaq Composite COMP, +1.11% also charted a new high, closing at 8,334, up about 93 points, just over 1%. Technology heavyweights like Alphabet GOOG, +10.45% and Twitter TWTR, +8.92% were up sharply Friday on solid earnings, while shares of T-Mobile US Inc TMUS, +5.43% and Sprint Corp S, +7.39% surged after the Department of Justice approved their planned merger.
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